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Leo Miller

Broadcom: Why the Chip Stock Remains a Top Long-Term AI Play

Broadcom Marvell VMware MarketBeat

Chip giant Broadcom (NASDAQ: AVGO) recently posted quarterly results that have many arguing that the AI party isn’t over. The market reaction to the company’s results stood in stark contrast to that of its rival, Marvell Technology (NASDAQ: MRVL). Marvell released its Q4 2024 earnings on Mar. 5. Afterward, shares plummeted, losing nearly 20% of their value.

[content-module:CompanyOverview|NASDAQ:AVGO]

This was a bit of a shockwave that sent fears through those bullish on the AI revolution. Demonstrating the similarities in their business, Marvell’s results also dragged down Broadcom shares by 6%.

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