Wall Street showers an AI chipmaker we own with praise — and it's not Nvidia

There's no shortage of affection for Club holding Nvidia on Wall Street. But Broadcom , our other artificial intelligence chipmaker, has received its fair share of love in recent days, with analysts wisely making the case that there's more upside to be had for the stock. Broadcom's fast-growing AI exposure featured prominently in optimistic research sent to clients this week by analysts at Melius, Bernstein and JPMorgan.

mountain Broadcom's year-to-date stock performance. The latest upbeat batch of Wall Street commentary comes ahead of Broadcom's fiscal 2024 second-quarter results after Wednesday's market close. Investors will be intently focused on the growth of the company's AI semiconductor revenue. Back in March, the company reported that line item quadrupled to $2.3 billion in its first quarter.

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