Both stocks have had strong runs in 2024. Let's consider which semiconductor looks like the better buy heading into 2025.

Broadcom estimates revenue from its three existing hyperscale customers will range from $60 billion to $90 billion in 2027, up from $12.2 billion in 2024. In other words, the company anticipates that custom AI chip sales will increase at least 70% annually in the next three years, but perhaps as quickly as 95% annually.

Nvidia was edging up early Tuesday as it looks to sustain recent momentum amid a rally in chip stocks. Investors could be positioning ahead of a major speech from CEO Jensen Huang in early January. Nvidia shares were up 0.