In 2024, Broadcom experienced a remarkable 111% rise in stock value, positioning it as a major player in the AI chip market while Intel faced a devastating 61% decline in value, marking its worst year since 1971. Broadcom’s success stems from its focus on custom chips for AI and cloud services, contrasting with Intel’s struggles, including lagging in AI technology and losing market share to competitors like Nvidia and AMD. Intel’s former CEO, Pat Gelsinger, was ousted as the company grappled with a lack of comprehensive AI strategy and increasing financial losses, leading to significant layoffs and restructuring plans.
