Broadcom CEO Maintains $230 Billion AI Chip Target Amid Anthropic Slowdown Concerns
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
Broadcom CEO Hock Tan addressed concerns regarding a slowdown in AI demand, particularly in relation to Anthropic, stating that the demand for AI infrastructure remains strong. Despite a disappointing revenue forecast for the current quarter, Broadcom provided robust earnings guidance for fiscal 2028, affirming their commitment to a $230 billion chip revenue target.
Tan emphasized that the company's AI revenue targets have not changed, reflecting confidence in the ongoing growth of AI technologies. This comes as Broadcom navigates challenges in the market while maintaining a positive outlook on future earnings driven by AI advancements.
Sources
Every quote below is verbatim from the article it is attributed to.
“Broadcom CEO Hock Tan said demand for AI infrastructure remains strong despite growing concerns about increasingly powerful models.”
CNBC — Broadcom CEO addresses Anthropic's slowdown push, says AI revenue targets haven't changed“Broadcom gave a disappointing revenue forecast for the current quarter but provided robust earnings guidance for fiscal 2028.”
CNBC — Broadcom delivers strong earnings view as CEO touts growth with AI labs“Broadcom's CEO is brushing off AI slowdown fears, standing by $230 billion chip target”
quartz — Broadcom's CEO is brushing off AI slowdown fears, standing by $230 billion chip target
Earlier versions
- Sep 14, 10:43 PM — Broadcom CEO Addresses Anthropic's Slowdown, AI Revenue Targets Remain Unchanged (1/1)