Broadcom projected its AI revenue to reach $230 billion by fiscal 2028, raising its 2027 AI revenue forecast to $115 billion. Despite this bullish outlook and strong quarterly results with revenue of $29.6 billion and earnings per share of $3.32, shares fell 3.3%. Key AI customers Anthropic and OpenAI are driving demand, with deployments expected to grow significantly through 2028. However, concerns about reliance on these customers and Google's reduced share tempered investor enthusiasm. Analysts remain cautiously optimistic about Broadcom's position in the growing AI market.
Nvidia is set to acquire Hugging Face, a leading open-source AI platform, for about $14 billion. Hugging Face hosts AI models and datasets freely used by developers, making it central to the AI community. This move helps Nvidia maintain influence ove...
Broadcom projects AI semiconductor revenue to hit $115 billion in fiscal 2027 and $230 billion in 2028, driven mainly by Anthropic, a private AI company retail investors cannot buy. This heavy reliance on Anthropic, which plans massive hardware deplo...
Broadcom reported record third-quarter results, with AI semiconductor revenue soaring 221% year-over-year and total revenue rising 86% year-over-year, surpassing analyst expectations. The company set ambitious targets for AI revenue of approximately ...
Nvidia reported a remarkable 75% non-GAAP gross margin in Q2 FY27, maintaining strong pricing power despite supply chain challenges and massive scale. Revenue grew over 105% year-over-year, with data center sales hitting $89 billion in a single quart...
Macquarie upgraded Broadcom from 'Neutral' to 'Outperform' and raised its price target to $490, citing strong semiconductor growth and reduced insourcing risks. Broadcom's Q3 fiscal 2026 revenue rose 33% sequentially to $29.6 billion, with a slight m...
