Broadcom Raises AI Chip Revenue Forecast
Broadcom raised its AI chip revenue forecast to roughly 115 billion dollars for fiscal 2027 and projected 230 billion dollars for 2028. Strong infrastructure demand from major tech firms drove third quarter earnings past Wall Street estimates.
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BROADCOM INC raised its AI chip revenue forecast to $115 billion for fiscal 2027 during Wednesday evening trade. The upgrade signals resilient Big Tech demand despite rising investor scrutiny over infrastructure spending returns. Bookings topped $30 billion last quarter alone, driven by custom silicon and networking gear.
