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.

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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.

Yahoo Finance AI1h ago3 min read

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.

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3 Key Points

What happened
Nvidia's data center division generated $75.2 billion（約12兆円） in Q1, up 92% year over year, significantly larger than AMD's $5.8 billion（約9300億円）, Broadcom's $10.8 billion（約1.7兆円）, and Marvell's $1.8 billion（約2900億円） in their respective recent quarters. Broadcom's AI semiconductor division grew 143% year over year, while Marvell's data center division grew 27% year over year.
Why it matters
The four companies compete in two segments—Nvidia and AMD design general-purpose GPUs, while Broadcom and Marvell design custom AI chips (ASICs) for major cloud providers. Broadcom management expects its AI unit to generate over $100 billion（約16兆円） in revenue in 2027 as hyperscalers (large cloud providers) launch custom chips, and Marvell expects its annual revenues to double in fiscal 2028, indicating a structural shift in how AI workloads are deployed.
What to watch
Nvidia trades at 23 times forward earnings, making it cheaper than AMD and Marvell and offering better value than Broadcom. Nvidia's new Vera Rubin architecture will start shipping to customers later this year, which should help sustain its elevated growth rates.

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.

Discussion

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