Do Custom AI Chips Make Marvell Stock A Buy? For instance, Broadcom’s sales from its custom AI chips and networking processors surged by 220% to $12.2 billion in 2024, up from $3.8 billion in revenue that the company generated from AI silicon in FY’23.

Though the chipmaker's revenue and earnings crushed expectations last quarter and its guidance exceeded expectations, investors seem concerned about the potential pressure on Nvidia's margins, thanks to the ramp up of its Blackwell artificial intelligence (AI) processors, as well as the deceleration in its top-line growth.