Nvidia vs Broadcom: Which AI Giant Offers Better Value for Investors?

TLDR

• Nvidia posted $215.9 billion in revenue for fiscal 2026, up 65% year over year
• Broadcom generated $63.9 billion in revenue in fiscal 2025, split between chips and software
• Nvidia’s Data Center revenue alone reached $193.7 billion
• Broadcom’s AI semiconductor revenue rose 74% year over year in Q4 fiscal 2025
• Wall Street is bullish on both, but Nvidia has the stronger analyst consensus

Nvidia and Broadcom are two of the biggest names in AI infrastructure. Both are growing fast, but they are built very differently. Here is how the numbers compare.

Nvidia reported $215.9 billion in revenue for fiscal 2026. That is a 65% increase from the year before.

NVIDIA Corporation, NVDA

GAAP gross margin came in at 71.1%. Operating income hit $130.4 billion and net income reached $120.1 billion.

Data Center revenue alone was $193.7 billion. That one segment now drives the vast majority of Nvidia’s total business.

Nvidia sells more than chips. Its product range includes networking hardware and software tools used to build and run AI systems, giving it a full-stack model that supports high margins.

The main risk is concentration. Nearly all of Nvidia’s revenue depends on one spending cycle. A drop in demand from large cloud companies could hit hard.

Broadcom Takes a Different Approach

Broadcom’s fiscal 2025 revenue came in at $63.9 billion. That breaks down as $36.9 billion from semiconductor solutions and $27.0 billion from infrastructure software.

Broadcom Inc., AVGO

The software side, shaped by the VMware acquisition, gives Broadcom a more balanced business than Nvidia.

Broadcom’s AI growth is coming from custom chips and Ethernet networking gear. AI semiconductor revenue rose 74% year over year in Q4 fiscal 2025.

Management projected $8.2 billion in AI semiconductor revenue for Q1 fiscal 2026, driven by custom accelerators and Ethernet switches used in large data centers.

Operating cash flow came in at around $27.5 billion, with free cash flow close behind at $26.9 billion.

The risk for Broadcom is that its AI business is smaller and tied to a narrower set of customers.

What Analysts Are Saying

Nvidia holds a Buy consensus from 53 analysts on Wall Street. That includes 47 Buy ratings and 4 Strong Buy ratings, with no sell ratings.

Broadcom holds a Moderate Buy consensus from 33 analysts. There are 29 Buy ratings and 1 Strong Buy, with no sells either.

Both stocks are well-regarded. Nvidia simply has a broader base of analyst support right now.

Final Thoughts

Nvidia is the larger, faster-growing business with a strong position in AI computing hardware. Broadcom offers more balance across custom silicon, networking, and software. Broadcom’s Q1 fiscal 2026 AI semiconductor revenue projection of $8.2 billion is the latest data point in this comparison.

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