Broadcom is a networking giant, selling thousands of products used in the areas of data center networking, home connectivity, smartphones, and more. But in recent times, AI has emerged as a key growth area for the company, and Broadcom even said in its latest earnings report that AI revenue continues to "grow strongly."

AMD is trying to make a dent in the AI graphics card market, but will it be able to eat into Nvidia's market share?

The U.S. reportedly could cap sales of advanced artificial intelligence chips from U.S.-based chipmakers to certain countries, including those in the Middle East.