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

The number of investors betting that Nvidia, Broadcom, and Marvell Technology shares will fall has increased in December, following a year of massive gains for these semiconductor stocks. In 2024, shares of companies with heavy exposure to generative artificial intelligence saw huge increases as investors bet on the growth that the new and exciting tech could bring.

Broadcom estimates revenue from its three existing hyperscale customers will range from $60 billion to $90 billion in 2027, up from $12.2 billion in 2024. In other words, the company anticipates that custom AI chip sales will increase at least 70% annually in the next three years, but perhaps as quickly as 95% annually.