NVIDIA (NASDAQ: NVDA) tends to dominate headlines within the artificial intelligence (AI) trade. However, Broadcom (NASDAQ: AVGO) has quite clearly made a name for itself as a custom chip giant, briefly eclipsing a $2 trillion market capitalization. Notably, the stock outperformed NVIDIA in 2025, delivering a total return near 51% versus NVIDIA's 40% return. AVGO is also moderately beating NVIDIA in 2026, with a return near 20%.
Markets seem to have become immune to NVIDIA’s strong earnings reports. Shares have fallen by an average of 2.8% following NVIDIA’s last four reports, despite the company posting top and bottom line beats each time. This includes its most recent earnings, after which shares fell 1.8%.
