CFRA Reiterates Strong Buy Rating on Marvell (MRVL)
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JPM: Custom chip demand accelerating; AVGO and MRVL to dominate
June 4, 2024 6:24 AM EDTJPMorgan raised its outlook for the custom chip (ASIC) market, projecting a market size of $20-$30 billion and a growth rate of 20% annually, driven by the surge in generative AI.
According to JPMorgan, this demand is fueled by cloud giants like Google and Meta, which are integrating their technology roadmaps and relying more heavily on custom-designed chips for AI workloads.
The bank highlights Broadcom... More
