Svmuu News: Serenity has published an exclusive analysis of the AI ASIC market on the X platform, putting forward the core argument that “NVIDIA” is the “kingmaker” of the ASIC market. It presents a set of industry projections, suggesting that NVIDIA CEO Jensen Huang is not keen to see Broadcom monopolize the custom ASIC sector, and that companies such as Marvell,MediaTek, AlChip, GUC, and other manufacturers are steadily capturing market share originally held by Broadcom—with implicit support from the NVIDIA ecosystem—and taking on more custom chip projects for hyperscale cloud providers. This landscape is analogous to the rise of emerging cloud service providers last year, serving as a key strategy for NVIDIA to hedge against the moat created by top cloud providers’ in-house ASICs.
Serenity notes that this may present a two-year investment opportunity, though this does not constitute investment advice; it also forecasts that after 2030, major companies such as Google will bring a significant portion of their chip design work in-house. It adds that NVIDIA has the potential to reshape valuations across the industry chain, noting that the market had previously anticipated that Marvell could reach a market capitalization of one trillion.