Silicon Valley's turn of fortune: Intel has worst year ever, while Broadcom enjoys record gain

Intel lost 60% of its value in 2024 , the biggest drop in its 53 years as a public company.

Broadcom's stock price more than doubled, with its best month ever coming in December .

The driving force behind the diverging narratives was artificial intelligence.

The changing fortunes of the two chipmakers underscores the fleeting nature of leadership in the tech industry.

Broadcom has doubled shipments of its XPUs to hyperscale providers.

The most well known of the bunch is Google , which counts on the technology for its Tensor Processing Units , or TPUs, used to train Apple 's AI software.

Broadcom said in total, about 40% of its $30.1 billion in 2024 semiconductor sales were related to AI .

Intel said in September that it plans to turn its foundry business into an independent unit with its own board and the potential to raise outside capital.

For now, Intel 's primary client is Intel .

The company said it didn't expect meaningful sales from external customers until 2027 .