As the artificial intelligence (AI) and accelerated computing data center bull market has heated up, realization settled in that this is more than hype. Nvidia (NASDAQ: NVDA) has been the standout winner so far: Shares are up an incredible 1,850% in the last trailing five-year stretch alone, clobbering average market returns.

But Nvidia isn't the only market-beating semiconductor stock. Broadcom (NASDAQ: AVGO) is also doing more than just fine with a 390% return in just five years. As data center infrastructure upgrades rise, favoring more AI and accelerated computing, Broadcom stands to gain quite a lot. Here's why.

Just a couple of months ago, Broadcom reported soaring growth for its Networking semiconductor business unit. Broadcom reported 46% year-over-year growth for this segment and expects 35% full-year growth in Networking because its big data center customers (like Alphabet) rely more heavily on Broadcom for custom silicon AI services.

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Source Fool.com