Nvidia's stock has experienced significant growth due to the high demand for GPUs in the AI era, but investors are now interested in ASICs which offer cost-effectiveness, lower electricity consumption, and higher performance for dedicated tasks. Two major ASIC players, Broadcom and Marvell Technology, have reported a surge in demand for their ASICs from large cloud customers. As the AI landscape shifts towards inference, ASICs could become a top choice for these tasks, potentially threatening Nvidia's AI dominance. While Nvidia has a head start in the AI market, its premium valuation may not fully account for potential risks and slowing growth.
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Nvidia's AI Dominance Threatened by Surge in Demand for ASICs
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