The switches are ideal for AI, big data, high-performance computing (HPC), and distributed storage.

FS introduced 400G and 800G AI switches with RoCE protocol support to handle large data volumes with low latency and high throughput.

Also Read: Broadcom Eyes $12B in AI Chip Revenue for 2024, Hyperscaler Spending Surge: Goldman Sachs

Broadcom stock has risen 110% in the last 12 months as it capitalized on the AI shift.

According to JPMorgan, Broadcom’s AI business, which includes custom ASICs and networking solutions, will likely note a compound annual growth rate of 30%-40% over the next four to five years.

Also, earlier this week, Broadcom launched Sian 2 digital signal processing (DSP) for high-performance AI data centers.

Investors can gain exposure to Broadcom through SPDR Select Sector Fund – Technology (NYSE:XLK) and iShares Russell 1000 Growth ETF (NYSE:IWF).

Price Action: AVGO stock is down 1.06% at $172.98 premarket at the last check Wednesday.

Also Read:

• AI-Driven Chipmakers Like Nvidia and Broadcom Rally After Fed’s Interest Rate Slash

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