Better Artificial Intelligence (AI) Stock: Broadcom vs. Marvell Technology

Semiconductor stocks Broadcom (NASDAQ: AVGO) and Marvell Technology (NASDAQ: MRVL) have delivered outstanding gains in 2024, with shares of both companies more than doubling as of this writing thanks to the rapidly growing demand for their application-specific integrated circuits (ASICs) and networking chips that are being deployed in data centers for tackling artificial intelligence (AI) workloads.Broadcom stock is up 124% this year, and Marvell stock has logged gains of 93% as of this writing. But if you had to choose one of these two AI stocks for your portfolio right now following the gains that they have delivered in 2024, which one should you buy? Let's find out.The demand for AI-specific ASICs is growing as cloud service providers are looking to develop chips in-house to reduce their reliance on expensive semiconductors from the likes of Nvidia. This is where Broadcom steps in; it is reportedly manufacturing custom chips for major names such as Alphabet's Google, TikTok parent ByteDance, and Meta Platforms.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool