β‘ ππππππ: $Broadcom(AVGO.US) Broadcom CEO says AI growth potential outstrips M&A, forecasts over $100bn AI revenue in FY2027
Broadcom CEO Hock Tan told the Bloomberg Technology conference in San Francisco that the company has shifted focus from M&A to artificial intelligence because AI offers stronger growth potential. He said AI revenue is surging, reducing the appeal of external deals and that acquisitions are disruptive to Broadcom and its customers. Tan described demand for AI infrastructure as nearly insatiable. Broadcom, which sells networking chips and custom accelerators used to develop and run AI models, now expects the AI business to generate more than $100 billion in revenue in fiscal 2027.The copyright of this article belongs to the original author/organization.
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