Nvidia gained a staggering $2 trillion in market value last year amid the market's continued frenzy for artificial intelligence, and yet, the stock may have even more room to climb amid a flurry of catalysts in the coming year,

Nvidia's AI-centric chips drove its market cap to over $3 trillion, making it the second-most valuable public company. Its success was fueled by acquisitions and investments in AI startups.

The AI chipmaker recorded the largest market cap increase of any publicly listed company in 2024, nearly tripling in value to $3.28 trillion by the end of the year.

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.

Both stocks have had strong runs in 2024. Let's consider which semiconductor looks like the better buy heading into 2025.