Broadcom Stock Surges as CEO Forecasts $100 Billion Chip Revenue by 2027

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Broadcom CEO Targets $100B Chip Sales by 2027; Stock Soars on Strong Outlook

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CNBC TV18•05-03-2026, 04:56

Broadcom CEO Targets $100B Chip Sales by 2027; Stock Soars on Strong Outlook

•Broadcom CEO Hock Tan projects chip sales to reach $100 billion by 2027, securing the necessary supply chain.
•Stock surged 6% in extended trading following strong revenue guidance of $22 billion and a $10 billion share buyback plan.
•Broadcom positions itself as a key alternative for custom AI semiconductors, serving clients like OpenAI and Anthropic.
•The company developed a Tensor Processing Unit (TPU) for Google and is shipping new generation processors.
•OpenAI is expected to ship Broadcom chips in volume next year, aiming for over 1 gigawatt of computing capacity.

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