Key Takeaways Broadcom’s recent earnings-fueled rally brought its stock to record highs and its market cap above the $1 trillion mark. The surge recalls Nvidia’s meteoric rise, with both stocks more than doubling this year as demand for artificial intelligence infrastructure surged.

Several media outlets recently espoused the narrative that the AI chip king would soon face tougher competition as large technology companies get help from Broadcom and Marvell to make better custom AI chips.

The newest member of the trillion-dollar market-cap club is looking ahead to a “likely sharp new product ramp” in the second half of 2025, according to an analyst.