TD Cowen: AI Dominance Not Just NVIDIA, AMD, Broadcom and Other Companies Will Face Growth Opportunities

The theme of Generative Artificial Intelligence (GenAI) has been dominated by a few giants, especially NVIDIA. However, research firm TD Cowen stated that now other companies such as AMD, Broadcom, etc., are also expanding their GenAI spending. Analysts predict that AMD will generate substantial sales in 2024 and 2025. Broadcom, on the other hand, is in a favorable position to benefit from the transition to Ethernet backend networks. Meanwhile, Marvell and Monolithic Power Systems will also benefit from the increasing attachment rate of optoelectronic products and the growth of custom silicon businesses. Overall, there is no sign of decreasing demand for artificial intelligence, with large software companies still launching AI-based products, and demand may continue to strengthen