InvestMoat

NVIDIA vs Broadcom

Broadcom is cheaper. So why does NVIDIA win?

NVIDIA edges it, 85 to 83, on moat and growth.

Broadcom wins on valuation, but NVIDIA's lead on moat counts for more.

NVDA · Semiconductors

NVIDIA Corp.

…

Strong BuyFull analysis

AVGO · Semiconductors

Broadcom Inc.

…

Strong BuyFull analysis

NVDA

AVGO

Composite
85
(higher)
83
Moat
81
(higher)
70
Growth
91
(higher)
89
Valuation
74
80
(higher)

NVDA

AVGO

Bear
$130
$200
Base
$260
$490
Bull
$430
$650
Upside to base
—
—

NVDA

AVGO

Revenue CAGR, 3–5 yr
35–50%
30–50%

NVDA

AVGO

Proprietary Data
Intact (higher)
N/A
Regulatory Lock-In
N/A
Intact (higher)
Network Effects
Strong (higher)
Weakened
Transaction Embedding
Strong
Strong
System of Record
Intact
Strong (higher)
Scale Economics
Strong (higher)
N/A
Brand & Pricing Power
N/A
N/A

NVDA

AVGO

Learned Interfaces
Strong (higher)
Intact
Business Logic
Intact
Intact
Public Data Access
N/A
N/A
Talent Scarcity
Intact
Intact
Bundling
Intact
Strong (higher)

Shaded cells mark the higher score or stronger moat on each row. Valuation and composite use the live price when it is available, the same as each stock page.

Which is the better stock, NVIDIA or Broadcom?

NVIDIA edges it, 85 to 83, on moat and growth. Broadcom wins on valuation, but NVIDIA's lead on moat counts for more. Our rating: NVIDIA Strong Buy, Broadcom Strong Buy.

Does NVIDIA or Broadcom have the wider moat?

NVIDIA scores 81 on moat to Broadcom's 70. NVIDIA is rated stronger on network effects and learned interfaces. Broadcom is rated stronger on system of record and bundling.

Which is growing faster, NVIDIA or Broadcom?

NVIDIA scores 91 on growth to Broadcom's 89. We expect NVIDIA to grow 35–50% a year, Broadcom 30–50%.

Is NVIDIA or Broadcom cheaper right now?

Broadcom scores 80 on valuation to NVIDIA's 74. In our base case, Broadcom has more upside: +52% vs +23%.

Scores in the answers use the price each valuation was last struck at; the table above updates with the live price. Not investment advice.