In a note to investors this week, Bank of America said, «Consider it a top AI pick.» It wasn’t talking about Nvidia, even though BofA considers Green.
Why it matters: Many of Nvidia’s competitors want to steal some of its market dominance. One name that keeps coming up is Broadcom. A closer look tells us why. Its XPUs consume less than 600 watts, making them one of the most power-efficient accelerators in the industry.
In a note to investors this week, Bank of America said, «Consider it a top AI pick.» It wasn’t talking about Nvidia, even though BofA considers Green Team the undisputed winner of the GPU wars. It was referring to Broadcom, which recently announced a 10-to-1 stock split and better-than-expected revenue in its second-quarter earnings report. The company projected a higher-than-anticipated $51 billion in sales for the 2024 fiscal year.
Bank of America’s analysts project the company’s 2025 fiscal year sales to be $59.
