Broadcom and Marvell "seem to be the big winners in Wall Street's new appreciation for custom AI chips," says Gary Black.

Gary Black Says Wall Street Is Rewarding Custom AI Chip Leaders On Tuesday, Black said Broadcom and Marvell "seem to be the big winners in Wall Street's new appreciation for custom AI chips," pointing to growing investor enthusiasm around application-specific integrated circuits, or ASICs, used to power large-scale AI workloads. Broadcom shares climbed 4.7% Tuesday and added 2.79% in after-hours trading ahead of earnings, while Marvell rallied 32.52% during the regular hours and increased 9.64% in after-hours trading, according to Benzinga Pro. Why AI Infrastructure Is Moving Beyond GPUs Huang used the appearance to note that AI bottlenecks are increasingly shifting from compute power to connectivity. "When you take a computing challenge, and you break it down into numerous components, distributing it throughout the entire data center, connectivity becomes crucial," Huang said. "This is why Matt is performing so well, and why Marvell is so vital." Marvell's business is heavily exposed to data centers, which account for roughly 76% of revenue, with investors increasingly focused on its optical networking, silicon photonics and custom chip operations. Analysts project that on Wednesday, Broadcom will post second-quarter revenue of $22.1 billion, up from $15 billion reported in the same quarter a year earlier. Meanwhile, Marvell reported quarterly earnings of 80 cents per share, surpassing analysts' estimates of 79 cents, while revenue rose to $2.42 billion from $1.9 billion a year earlier, exceeding consensus expectations of $2.4 billion. Benzinga Edge Stock Rankings place AVGO in the 96th percentile for Quality, highlighting strong performance across short, medium and long-term periods. Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Photo: PJ McDonnell / Shutterstock

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