Broadcom holds AI ASIC and networking opportunities as scale-up likely outpaces scale-out: Jefferies

1 week ago 2
Broadcom headquarters in Silicon Valley

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Broadcom (NASDAQ:AVGO) remains on track to capitalize on the application-specific integrated circuit, or ASIC, market and networking for artificial intelligence, according to Jefferies.

"The AI ASIC message has stayed consistent: they are targeting major customers building their own LLMs," said Jefferies analysts, led

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