JPMorgan: ASIC/XPU shipments will surpass GPU in 2027

JPMorgan's latest report predicts that the share of ASIC/XPU in AI accelerator unit shipments will rise to 54% in 2027, surpassing GPUs, and further increase to 55% in 2028. The report estimates that the custom AI ASIC market will be worth approximately $60 billion to $70 billion in 2026, with a compound annual growth rate exceeding 40% to 50% in the coming years. Currently, Broadcom and Marvell hold about 90% of the market share, with Broadcom accounting for around 80% to 85%, indicating a high market concentration.