Broadcom CEO expects the company's AI chip sales to exceed $100 billions next year
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Golden Ten Data March 5|Broadcom CEO Hock Tan stated that the company expects its artificial intelligence chip sales to exceed 100 billions next year. "We are confident" in reaching this milestone by 2027, he said during a conference call with analysts. "We have also secured the supply chain needed to achieve this goal." Broadcom expects its AI chip revenue for this quarter to reach 10.7 billions, so achieving the annual revenue target of 100 billions would be a significant leap. Boosted by his remarks, the company's stock price rose about 4% in late trading.
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