New Delhi, Aug. 27 -- Broadcom held its footing Tuesday as the rest of the semiconductor sector retreated into NVIDIA earnings caution. Shares added $2.27 to close at $191.34 - a 1.2% gain - as investors leaned into the company's positioning as the primary alternative to NVIDIA for hyperscale AI infrastructure.

ASICs - for customers who want AI processing power without paying NVIDIA's premium or accepting NVIDIA's general-purpose architecture. Alphabet's TPU (Tensor Processing Unit) series, Meta's MTIA (Meta Training and Inference Accelerator), and two additional unnamed hyperscalers have all contracted Broadcom to design their custom silicon.

Broadcom CEO Hock Tan has been more specific in recent months than the company had previously ...