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Broadcom expects AI chip revenue to soar in the next two years, with shares stabilizing after hours
1 day ago /
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Author：小编
Broadcom forecasts a significant increase in its artificial intelligence (AI) chip revenue over the next two years, rekindling investor confidence in the company's challenge to Nvidia. Broadcom CEO Hock Tan revealed during the earnings call that AI chip revenue is expected to double by fiscal 2027, reaching approximately $115 billion, and surge to $230 billion by fiscal 2028. Meanwhile, the company's earnings per share for fiscal 2028 are projected to exceed $30, surpassing Wall Street expectations. In response to this news, Broadcom's shares stabilized after hours.
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