Networking ASICs & Switches
The brain of AI cluster scale-out. Broadcom Tomahawk/Jericho and Marvell Teralynx dominate. 800G to 1.6T switch transition and NVIDIA Spectrum-X Ethernet-based AI fabric expansion.
Investment Confidence
Theme Analysis
Key Drivers
- 800G/1.6T switch transition
- AI cluster scale-out
- NVIDIA Spectrum-X expansion
- InfiniBand-to-Ethernet transition
Risk Factors
- Mellanox (NVIDIA) InfiniBand dominance
- Price competition
- Pace of technology change
- Customer concentration risk
Catalysts
- 1.6T switch shipment begins
- Big tech Ethernet AI fabric adoption
- Broadcom/Marvell new product announcements
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