Broadcom CEO Hock Tan dismissed concerns about a potential slowdown in AI model development affecting the company's business, reaffirming confidence in their long-term revenue targets. Despite investor worries sparked by Anthropic CEO Dario Amodei's call for moderating AI progress, Tan emphasized strong and durable demand for AI infrastructure, especially for inference applications. He forecasted AI semiconductor revenue to reach $115 billion in fiscal 2027 and double to $230 billion in 2028, with Anthropic becoming Broadcom's largest custom chip customer. Tan also acknowledged the need for AI safeguards but highlighted AI's transformative potential, comparing it to the Industrial Revolution.
Broadcom shares trade at USD 346.20 on Pluang as of Sep 15, 2026 06:02 WIB, down 4.36% in one day. The stock's market cap stands at $1.73 trillion, reflecting its major role in the tech sector. Despite recent CEO comments on AI revenue targets, the share price shows some investor caution today.
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