Nvidia dominates AI chip revenue with $75.2 billion（約12兆円） in data center sales, far outpacing AMD, Broadcom, and Marvell, while trading at a cheaper valuation than its peers.

Key takeaway

• Nvidia's data center revenue of $75.2 billion（約12兆円） dwarfs all competitors—AMD, Broadcom, and Marvell combined—and the company is trading at a cheaper valuation despite maintaining rapid growth.

• While custom AI chip makers (Broadcom and Marvell) are expected to grow faster in the near term as hyperscalers deploy proprietary chips, Nvidia's scale and continued dominance make it the most compelling AI computing stock for investors.

3 Key Points

FAQ

Which companies are driving the highest growth in AI chips?

Broadcom's AI semiconductor division is growing fastest at 143% year over year, followed by Nvidia at 92% year over year and AMD at 57% year over year. Marvell's data center division is growing at 27% year over year.

Which large cloud providers are Broadcom and Marvell's customers?

Broadcom's major ASIC clients include Alphabet, Meta Platforms, Anthropic, and OpenAI. Marvell's custom AI chip client list is headlined by Microsoft and Amazon.

What revenue targets do Broadcom and Marvell have?

Broadcom management believes its AI semiconductor unit will generate over $100 billion（約16兆円） in revenue in 2027. Marvell expects its annual revenues to double in its fiscal 2028.