--- title: "Elon Musk Fires Back at Broadcom CEO Hock Tan's AI Investment Warning: 'No Crying in the Casino'" type: "News" locale: "en" url: "https://longbridge.com/en/news/301695460.md" description: "Elon Musk responded to Broadcom CEO Hock Tan's warning that AI investors are gambling by posting 'No crying in the casino.' Tan cautioned that capital constraints, rather than hardware shortages, may hinder the AI boom, citing high spending risks. This exchange highlights growing debate over the sustainability of massive AI infrastructure investments and the pressure on companies to justify enormous capital expenditures." datetime: "2026-10-13T10:12:08.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/301695460.md) - [en](https://longbridge.com/en/news/301695460.md) - [zh-HK](https://longbridge.com/zh-HK/news/301695460.md) generator: "portal-rs" --- # Elon Musk Fires Back at Broadcom CEO Hock Tan's AI Investment Warning: 'No Crying in the Casino' **Space Exploration Technologies Corp.** (NASDAQ:SPCX) CEO **Elon Musk** responded to **Broadcom Inc.** (NASDAQ:AVGO) CEO **Hock Tan’s** warning about speculative artificial intelligence investing, adding to a debate over the sustainability of the AI boom. ## Tan Warns AI Investors Are Gambling Musk was replying on **X** to a post summarizing Tan’s remarks at the DBS Asia Future Forward Conference in Singapore on Monday. Tan told the panel that "A lot of investors have no clue what they’re investing in, but set very extreme expectations, only to find out that it’s almost like they are in a casino gambling," according to Reuters. Tan also questioned how efficiently companies are spending on AI. Comparing enterprise experimentation with AI tokens to an arcade, he said, "When you are a kid you go to a video arcade, you play. Your parents give you $10 of tokens, you finish it in 10 minutes and you haven’t learned anything." Musk, responding to a post aggregating Tan’s comment, stated, "No crying in the casino." > No crying in the casino > > — Elon Musk (@elonmusk) October 12, 2026 **Read Also: Broadcom Eyes Over $50 Billion to Fund OpenAI’s Custom AI Chips as Oracle Also Pursues Major Chip Financing: Report** ## Broadcom’s AI Boom Faces Capital Questions Tan’s warning comes from one of the biggest beneficiaries of the AI infrastructure boom. Broadcom said fiscal third-quarter AI semiconductor revenue jumped 221% year over year to $16.7 billion, while Tan expects fourth-quarter AI semiconductor revenue to reach $21.7 billion. Still, Tan said financing could become a bigger obstacle than chips, memory or electricity. "\[What\] I think might be the biggest constraint is capital," he said at the Singapore conference. Reuters reported Broadcom has been overcoming wafer and memory shortages even as Tan sees financing becoming the next hurdle. The concern has also put AI returns and capital availability in focus. ## AI Buildout Raises Wider Spending Concerns **Intel Corp.** (NASDAQ:INTC) CEO **Lip-Bu Tan**, appearing on the same DBS panel, also highlighted infrastructure strain. Intel said in July that "AI is driving unprecedented demand for compute." Its CEO has previously warned that AI supply constraints could persist. The financial concern is widening. According to research published by the Brookings Institution in September, the U.S. AI infrastructure buildout is projected to reach $10.3 trillion through 2032. This investment is expected to average 3.63% of U.S. GDP annually, surpassing historical economic booms such as railroads and electrification, increasing pressure on companies to generate returns that justify enormous capital spending. **Read Also: SPCX CEO Elon Musk Has a Warning for Anyone Betting on AI: The Compute Crunch Is Coming — ‘People Have No Idea’** *Photo courtesy: Shutterstock* ### Related Stocks - [SPCX.US](https://longbridge.com/en/quote/SPCX.US.md) - [AVGC.US](https://longbridge.com/en/quote/AVGC.US.md) - [AVGG.US](https://longbridge.com/en/quote/AVGG.US.md) - [AVGU.US](https://longbridge.com/en/quote/AVGU.US.md) - [AVGW.US](https://longbridge.com/en/quote/AVGW.US.md) - [AVGX.US](https://longbridge.com/en/quote/AVGX.US.md) - [AVL.US](https://longbridge.com/en/quote/AVL.US.md) - [AVS.US](https://longbridge.com/en/quote/AVS.US.md) - [DSPC.US](https://longbridge.com/en/quote/DSPC.US.md) - [LOFF.US](https://longbridge.com/en/quote/LOFF.US.md) - [SNK.US](https://longbridge.com/en/quote/SNK.US.md) - [SPAL.US](https://longbridge.com/en/quote/SPAL.US.md) - [SPCF.US](https://longbridge.com/en/quote/SPCF.US.md) - [SPCG.US](https://longbridge.com/en/quote/SPCG.US.md) - [SPCH.US](https://longbridge.com/en/quote/SPCH.US.md) - [SPCM.US](https://longbridge.com/en/quote/SPCM.US.md) - [SPCU.US](https://longbridge.com/en/quote/SPCU.US.md) - [SSPC.US](https://longbridge.com/en/quote/SSPC.US.md) - [YSPC.US](https://longbridge.com/en/quote/YSPC.US.md) - [AVGO.US](https://longbridge.com/en/quote/AVGO.US.md) - [INTC.US](https://longbridge.com/en/quote/INTC.US.md) - [ORCL.US](https://longbridge.com/en/quote/ORCL.US.md) ## Related News & Research - [Broadcom CEO sees capital hurdle to AI growth, 'casino' in AI investing](https://longbridge.com/en/news/301673298.md) - [Broadcom or Marvell: Top Morgan Stanley Analyst Says One AI Stock Is Worth Buying, but the Other Falls Short](https://longbridge.com/en/news/301295632.md) - [Broadcom CEO says biggest hurdle in AI-fuelled tech growth is capital, not memory chips](https://longbridge.com/en/news/301549516.md) - [UfiSpace Demonstrates 1.6T AI Fabric Thermal Feasibility with Live Liquid Cooling Platform at OCP Global Summit 2026](https://longbridge.com/en/news/301746775.md) - [Broadcom Inc. $AVGO Shares Sold by Matrix Trust Co](https://longbridge.com/en/news/301170600.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**