Broadcom rises as $100 billion AI forecast signals gains in Nvidia-dominated market

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Trump replaces Homeland Security chief Kristi Noem Oil extends weekly gains as Iran conflict rages on, with crude surging around 20% Gold prices dip as stronger dollar weighs; Iran conflict remains in focus Dollar resumes climb on safe haven demand as Iran conflict rages on (South Africa Philippines Nigeria) Broadcom rises as $100 billion AI forecast signals gains in Nvidia-dominated market By Stock Markets Published 03/05/2026, 05:26 AM Updated 03/05/2026, 03:07 PM Broadcom rises as $100 billion AI forecast signals gains in Nvidia-dominated market 0 NVDA -0.67% AVGO 3.06% By Joel Jose and Arsheeya Bajwa March 5 - Broadcom shares rose nearly 3% on Thursday after the company predicted over $100 billion in AI chip sales next year, signaling rapid share gains in the market dominated by Nvidia . Big Tech’s push to secure the vast computing power needed for artificial intelligence has lifted Broadcom in the data-center infrastructure race as it helps design custom processors that can serve as an alternative to Nvidia’s costly chips. Alphabet, Microsoft, Amazon and Meta are expected to spend more than $600 billion to build AI infrastructure this year, boosting demand for chips, servers, storage and networking equipment. Broadcom, which supplies semiconductors and infrastructure software, has visibility for about 10 gigawatts worth of AI demand in 2027 from its clients such as Anthropic and Meta Platforms, Melius Research analysts said. This demand equates to the power consumption needs of more than 8 million U.S. households. The volumes put Broadcom closer to the scale of recent AI chip deals by Nvidia and AMD, as the rise of custom processors, known as ASICs, increasingly threatens Nvidia’s stronghold in the advanced data-center infrastructure market. DISPELLING AI FEARS Both Broadcom and its rival, Nvidia, have seen their stocks decline so far this year amid investor concerns around whether heavy spending on AI w...