Nvidia AI revenue grew 117%, Broadcom grew 221% last quarter

Broadcom takes a different approach by working with a smaller group of large buyers to design custom accelerators for specific workloads. It also sells the networking components and software needed to connect these chips. The article notes that Broadcom's AI data center revenue grew 221% last quarter, nearly twice the rate of Nvidia's 117% growth. This gap suggests a rapid shift in the market, though it does not definitively indicate which company is winning overall.

The ultimate outcome depends on how customers balance flexibility, efficiency, and the cost of building and running AI systems. Nvidia offers a ready-made platform, while Broadcom offers tailored solutions that may require more engineering effort but could be more efficient for specific tasks. The article frames this as a question of whether custom silicon will pull enough business away from general-purpose GPUs to reshape the industry's profit pool.