Nvidia Corp. (NASDAQ:NVDA) shares traded lower Friday after Broadcom Inc. (NASDAQ:AVGO) delivered stronger-than-expected quarterly results and confirmed a landmark partnership with OpenAI that could intensify competition in the artificial intelligence hardware market.
While Nvidia dominates the industry with its general-purpose GPUs that train large-scale AI models, Broadcom has carved out leadership in networking chips and custom application-specific integrated circuits (ASICs) for hyperscale data centers.
