I do believe that yes, AVGO has effectively transformed from a traditional networking chip provider into a dominant force in AI hardware, often cited as the second-largest player in the space after Nvidia. My belief stems from the fact that AI now drives over 50% of its semiconductor revenue, up from approximately 37% a year earlier. Further its CEO recently projected that AI chip sales alone could exceed $100B by 2027. So, this settles the direction it is taking.
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