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The almost $200 billion rally came after Huang said the company’s customers are “emotional” and “tense” due to their desire for more of Nvidia’s high-tech products.

Could the rise of custom ASICs crowd out demand for Nvidia? In its recent earnings release, Broadcom CEO Hock Tan offered words of caution. Last week, Broadcom released its fiscal third-quarter earnings. Broadcom beat analyst expectations, though its guidance came in a little light.

Perhaps no stock has prospered more from artificial intelligence (AI) than Nvidia. The semiconductor company leading in the development of AI chips brought triple-digit revenue an