Semiconductor giant Broadcom (NASDAQ: AVGO) has made a name for itself as one of the leading players in AI chips. The industry behemoth, NVIDIA (NASDAQ: NVDA), is still far and away the world's largest AI chip company. However, Broadcom’s AI sales tower over other top names like Advanced Micro Devices (NASDAQ: AMD) and Intel (NASDAQ: INTC).
Broadcom is far more than just an AI chip company. Its latest deal with tech giant Apple (NASDAQ: AAPL), which has an expected value of over $30 billion, clearly demonstrates this.