The company provides these accelerators to hyperscalers, which remains a primary focus for its growth strategy.
Note that stock-based compensation represented roughly 25% of operating cash flow, which inflates reported cash generation since SBC is a non-cash expense.
In the spring, it announced a partnership with Space Exploration Technologies Inc.
Intel holds a lot of promise of returning to some semblance of its former glory, when it was the world's leading computer chip business, but Broadcom's immediate growth prospects and more reasonable forward price-to-earnings ratio make it the better buy right now.