Broadcom (NASDAQ:AVGO) capitalized on Wall Street’s artificial intelligence boom Thursday, fueled by billions in chip investments from Microsoft (NASDAQ:MSFT), Meta Platforms (NASDAQ:META), and other technology giants. Broadcom has emerged as one of the biggest beneficiaries of the generative AI boom, carving out a strategic niche in the rapidly evolving chip market. While competitors like Nvidia (NASDAQ:NVDA) offer off-the-shelf, high-performance GPUs, Broadcom focuses on designing custom AI chips for ...