Nvidia (NASDAQ:NVDA) was a standout performer last year, but with shares running out of steam in recent months, the AI chip giant seems to be slowing pace as mega-cap tech races to the $4 trillion market cap milestone.

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.

Nvidia emerged as the biggest global gainer in market capitalization for 2024, driven by surging interest in artificial intelligence and the robust demand for its AI-centric chips across various industries.

Nvidia’s market value soared from $1.2 trillion in 2023 to $3.28 trillion in 2024, by massive demand for its AI-powered GPUs. Its data center sales are expected to rise from $110 billion to $200 billion by 2025,

Nvidia surged to the forefront of market capitalization gains in 2024, with its value climbing over $2 trillion, driven by unprecedented demand for its AI-focused chips. The company’s market value closed at $3.