Hock Tan Guided Broadcom Past $100 Billion of AI Revenue in 2027. The Stock Is 25% off Its High.
The CEO's forecast hasn't budged since June. The price the market puts on next year's earnings has dropped by about a quarter.
Overview
Broadcom (NASDAQ:AVGO) CEO Hock Tan put a number on the company's future months ago, and he has not walked it back. On the chip giant's June 3 earnings call, Tan said the company expects about $56 billion of artificial intelligence (AI) semiconductor revenue this fiscal year, up approximately 180% from fiscal 2025.
And then he went further.
Details
"We reiterate our AI semiconductor revenue guidance to be in excess of $100 billion" for fiscal 2027, he told analysts.
Source
Originally published at www.fool.com.
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