GoKawiilBroadcom's Hock Tan reaffirms $230B AI chip revenue target for 2028
Broadcom CEO Hock Tan told CNBC that his company's AI semiconductor revenue forecasts remain unchanged despite market jitters over Anthropic CEO Dario Amodei's call to slow frontier AI development. Broadcom shares fell 4.8% and chip stocks broadly dropped after Amodei's comments, which drew backing from Sam Altman and Elon Musk. Tan said demand for AI compute infrastructure remains strong and durable, and reaffirmed that Anthropic is set to become Broadcom's largest custom chip customer by 2027.
GoKawiil's interpretation of the reporting above, not reported fact.
Anthropic's growing role as a custom chip customer means any shift in its development pace could directly affect Broadcom's most bullish revenue projections, making Tan's public reassurance a signal to investors worried about AI infrastructure spending cooling off. The episode shows how sensitive chipmakers' valuations have become to statements from AI labs about pacing model development, even absent concrete changes in orders.
- Broadcom CEO Hock Tan says fiscal 2027-2028 AI chip revenue targets of $115B and $230B remain intact.
- Broadcom and broader chip stocks fell sharply after Anthropic's Dario Amodei suggested slowing AI development.
- Anthropic is expected to overtake Google as Broadcom's largest custom chip customer by 2027.
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Published there as: “Broadcom CEO addresses Anthropic's slowdown push, says AI revenue targets haven't changed”
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