Broadcom's AI Revenue: A Moving Target

Broadcom, a key player in the AI chip market, recently experienced a stock dip due to a less aggressive sales forecast, despite robust AI-related revenue growth. The company, led by CEO Hock Tan, anticipates a surge in orders over the next year and a half, with a strong pipeline of future business. Broadcom secured massive orders from AI startups, including an eleven billion dollar deal from Anthropic. However, the CEO refrained from providing a specific annual AI revenue forecast. The companys networking equipment updates and strategic partnerships, such as the deal with OpenAI, position Broadcom favorably in the AI sector. The CEOs compensation is tied to meeting long-term AI revenue goals, with potential payouts reaching ninety billion dollars or more by fiscal two thousand thirty.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.