AVGO & MRVL see very strong demand for custom AI ASICs and merchant networking ASICs incl high-speed switching chipsets & DCI solutions driven by AI networks (& telecom for DCI). AVGO’s ASIC biz is seeing strong TPU v7 ramp & strong Anthropic demand, while MRVL’s Trainium 2/2.5-to-3 ramp is robust.