Is This Nancy Pelosi's Stock Pick Set To Overtake Nvidia? AI Chip Race To Heat Up By 2025 As Meta And Microsoft Look Beyond Jensen Huang's Chip Maker, Says Expert

Quick Summary:

Fund manager Stephen Yiu of Blue Whale Growth Fund has forecasted that Broadcom Inc. (NASDAQ:AVGO) will yield substantial returns for investors by 2025, potentially surpassing AI chip heavyweight Nvidia Corporation (NASDAQ:NVDA).

What Happened: Yiu said that tech giants like Microsoft Corporation (NASDAQ:MSFT), Amazon.com, Inc. (NASDAQ:AMZN), Google LLC (NASDAQ:GOOGL), and Meta Platforms Inc. (NASDAQ:META) are looking to broaden their AI chip supplier base.

Despite their substantial purchases of Nvidia’s GPUs, these companies are now also creating their own custom chips for AI applications, CNBC reported on Monday.

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Author / Journalist: Pooja Rajkumari

Category: Technology

Markets: United States

Topics: Consumer Tech Tech US38259P5089 Stories That Matter News AMZN NVDA MSFT GOOGL US0231351067 Jensen Huang Benzinga US5949181045 SG9999006241 AVGO Benzinga neuro Pooja Rajkumari US67066G1040 META General

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-23 @ 08:35:09 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 520 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 24593340

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