Broadcom's AI Revenue Tops $8.4B, Valuation at 32x Forward Earnings
Broadcom’s quarterly AI revenue hit $8.4B, outperforming Marvell’s total $2.07B Q3 sales with data center revenue up 38% to $1.52B. Shares have climbed 524% since January 2023, and Broadcom trades at roughly 32x forward earnings compared with Marvell’s 23x multiple.
1. Revenue and Growth Comparison
Broadcom delivered $8.4 billion in AI-focused revenue in the latest quarter, dwarfing Marvell’s $2.07 billion in total Q3 sales. Marvell’s data center segment grew 38% year-over-year to $1.52 billion, representing 73% of its overall revenue.
2. Valuation and Market Implications
Broadcom currently trades at approximately 32x forward earnings and 69x trailing P/E, reflecting investor confidence in its AI business scale. Marvell’s valuation stands near 23x forward and 27x trailing earnings, offering a lower-cost entry but with nearly double the beta volatility.