Hock Tan Just Put a $230 Billion Number on Broadcom's 2028 AI Revenue. That Is 4 Times This Year's.
Supply is secured for two straight doublings, the CEO says. Deployment is the part no chipmaker can promise.
Overview
For the past three months, the biggest number attached to Broadcom (NASDAQ:AVGO) was CEO Hock Tan's forecast of more than $100 billion in artificial intelligence (AI) semiconductor revenue for fiscal 2027. On Wednesday evening's earnings call, he replaced it.
The new fiscal 2027 target is about $115 billion. And for the first time, Tan put a number on fiscal 2028: $230 billion, about four times the $58 billion of AI revenue Broadcom now expects for the current fiscal year.
Details
Both years, he told analysts, come with the supply already secured.
Source
Originally published at www.fool.com.
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