Broadcom (AVGO) remains a âcoreâ artificial intelligence winner, even as Taiwan-based MediaTek encroaches on its custom ASIC business via a deal with Google (GOOG) (GOOGL), Morgan Stanley said. âWe have been somewhat surprised by AVGOâs underperformance YTD, particularly given…
e continued To ensure this doesnât happen in the future, please enable Javascript and cookies in your browser. If you have an ad-blocker enabled you may be blocked from proceeding
Please disable your ad-blocker and refresh. Entering text into the input field will update the search result below Entering text into the input field will update the search result below Quick Insights MediaTek’s entry is considered real but not disruptive, with Broadcom expected to retain about 80% share despite concerns about potential rapid share loss. Weakness is attributed to investor preference for ‘bottleneck’ AI semiconductor plays and worries over MediaTek taking TPU share, though these concerns are perceived as overstated.
Broadcom holds a supply advantage and offers a scalable platform, making it hard to replace and supporting its efforts to win multiple new ASIC customers