Broadcom Unveils New Networking Chips Amid Nvidia Competition
Broadcom's stock (AVGO) declined significantly despite launching a new Nvidia rival chip called Thor Ultra, indicating market skepticism or other underlying issues affecting the stock.
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Broadcom Unveils New Networking Chips Amid Nvidia Competition
Broadcom is launching the Thor Ultra networking chip to enhance AI computing systems and compete with Nvidia, aiming to solidify its presence in the growing AI market, which is projected to reach $60-$90 billion by 2027.