Broadcom CEO stands by $230 billion AI chip revenue target for 2028
CNBC reports that CEO Hock Tan described AI infrastructure demand as strong despite growing concerns about increasingly powerful models.
TLDR
Quartz reports that Broadcom CEO Hock Tan stood by his $230 billion AI chip revenue target for 2028 after an essay from Anthropic's CEO rattled AI infrastructure stocks. Citing Tan's comments to CNBC, Quartz says he described demand for AI computing infrastructure as strong and durable. It also reports that Broadcom shares fell 4.8% on September 14.
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