Nvidia, Broadcom In Focus - Analyst Hikes AI Market Forecast To Trillion-Dollar Peak

Group 1: Market Outlook - Bank of America Securities analyst Vivek Arya has raised the total addressable market (TAM) estimate for AI data-center systems to $1.4 trillion by 2030, up from the previous estimate of $1.2 trillion [2] - The broader data-center systems market is expected to accelerate in 2026, with overall systems growth projected at 64% year-over-year, while AI systems are anticipated to grow by 100% YoY due to new accelerator deployments [2] Group 2: Supply and Margin Insights - Arya downplayed near-term supply risks, indicating that most of the expected 2026 High-Bandwidth Memory (HBM) supply growth (~75% Y/Y) and Chip-on-Wafer-on-Substrate (CoWoS) supply growth (~70% Y/Y) have already been allocated and secured from the previous year [3] - AI accelerator vendors are expected to pass on rising HBM/DDR costs to customers, which will help maintain margins as volume and system sales scale [3] Group 3: Company-Specific Implications - Nvidia Corp (NASDAQ:NVDA) is highlighted for its strong position, with $0.5 trillion in sales visibility through 2026, and revenue estimates have been raised by 7% for fiscal 2027, 2% for fiscal 2028, and 2% for fiscal 2029 [4] - Earnings per share (EPS) estimates for Nvidia have been increased by 8%, 3%, and 3% for the same fiscal periods [4] - Marvell Technology Inc. (NASDAQ:MRVL) has had its revenue estimates adjusted post-XConn acquisition, with expectations of healthy growth in Trn3 and 800G/1.6T optics through fiscal 2027, although visibility on next-gen programs remains limited until calendar 2027 [5]