Broadcom (NASDAQ: AVGO) reported fiscal third-quarter revenue of $29.59 billion, with AI chip revenue soaring 221% to $16.7 billion. The company projects fourth-quarter AI revenue to reach $21.7 billion, a 236% year-over-year increase. Meanwhile, its VMware division contributed $8.8 billion in revenue with a gross margin of 94%.
Marvell Technology (NASDAQ: MRVL) reported fiscal third-quarter revenue of $2.739 billion, with its data center business growing 46% to $2.17 billion, accounting for 79% of total revenue. The company expanded its partnership with Google, granting Google warrants for up to 7% of Marvell's shares to deepen their multi-year custom chip collaboration in areas such as inference accelerators, storage controllers, and memory interfaces.
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Broadcom's AI chip business sees strong growth, with Q3 AI revenue reaching $16.7 billion, a 221% year-over-year increase; Marvell Technology secures Google warrants, deepening custom chip collaboration.
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