Broadcom’s chief executive said the company is not changing its long-term revenue target despite concerns that AI development could be slowing. According to the executive, shifts in the pace of AI model development have not altered Broadcom’s outlook.
The CEO said Broadcom expects AI semiconductor revenue to reach $115 billion in fiscal 2027. That figure is projected to double to $230 billion in fiscal 2028. The comments were carried by Cailian Press and republished by Odaily.
The remarks focus on demand for computing power, with the CEO indicating that underlying demand remains solid even if the cadence of AI model research and development changes. No additional details were disclosed in the brief report.
Broadcom’s CEO said the company is keeping its long-term revenue target unchanged despite concerns over an AI slowdown.
According to the executive, Broadcom does not see a change to that target even if the pace of AI model development shifts. He said the company expects AI semiconductor revenue to reach $115 billion in fiscal 2027 and then double to $230 billion in fiscal 2028.
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