Broadcom holds the No. 1 rank among its peers in the 36-stock Electronics-Semiconductor Fabless industry group. Memory-chip maker Rambus and Nvidia are also among the group's highest-rated stocks.

The chip designer looks to be evolving into making its own custom AI chips — and BNP analysts say the opportunity isn’t fully priced into its stock yet.

China's AI hardware market is expected to grow 13.4 percent this year from the previous year, Liu Chuang, an analyst at Runto, said at the China Intelligent Life Conference held yesterday. The ...