Broadcom rises as $100 billion AI forecast signals gains in Nvidia-dominated market

By Joel Jose and Arsheeya Bajwa March 5 (Reuters) - Broadcom shares rose nearly 3% on Thursday after the company predicted over $100 billion in AI chip sales ‌next year, signaling rapid share gains in the market dominated by ‌Nvidia. Big Tech's push to secure the vast computing power needed for artificial intelligence has lifted Broadcom ​in the data-center infrastructure race as it helps design custom processors that can serve as an alternative to Nvidia's costly chips. Alphabet, Microsoft, Amazon an ...