European Shares Seen Up In Cautious Trade As Broadcom Raises AI Chip Forecast
10 Articles
10 Articles
Broadcom Forecasts Boom in AI Chip Sales
Broadcom predicted a surge in artificial intelligence chip sales over the next two years, helping renew optimism that it can challenge Nvidia’s dominance in the lucrative market. The company also is on track to top earnings of $30 a share in fiscal 2028, outpacing Wall Street estimates. Bloomberg Intelligence analyst Matt Bloxham has the details. (Source: Bloomberg)
European Shares Seen Up In Cautious Trade As Broadcom Raises AI Chip Forecast
European stocks may open higher on Thursday, with tech shares likely to be in focus after Broadcom beat Wall Street's expectations in its fiscal third quarter and predicted a boom in artificial intelligence chip sales over the next two years.
Broadcom CEO Hock Tan relies on the AI boom and expects strongly rising revenues with chips for customers such as OpenAI and Anthropic. After strong quarterly figures, the recently under pressure share nevertheless continued to decline.
Broadcom expects a significant growth in chip sales for artificial intelligence and launches the challenge at Nvidia. AI chip revenues are expected to double over the next two years, according to CEO Hock Tan. The company is expanding its custom semiconductor activity, attracting customers such as Google, OpenAI and Meta Platforms.
Prodcom's window raised its expectations for the artificial intelligence chip market, predicting a doubling of revenue from this activity over the next two years, in a new indication of the intensification of competition with Invidia on the artificial intelligence infrastructure market valued at hundreds of billions of dollars...
Broadcom aims to quadruple sales of artificial intelligence chips within a few years
Broadcom stayed on the sidelines during the artificial intelligence boom, but it actually made a lot of money from it. The company recently reported for the third quarter of fiscal 2026 that its artificial intelligence chip sales revenue will double to $115 billion by the end of next year, and then double again to $230 […]
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