Broadcom Sees AI Chip Sales Surge to Challenge Nvidia

Broadcom Inc., a leading technology company, made significant predictions about its future performance in AI chip sales. Speaking during a conference call, CEO Hock Tan said that AI chip revenue will double to approximately $115 billion in fiscal 2027 and soar to $230 billion the following year.

This forecast suggests that Broadcom is confident in its ability to challenge Nvidia Corp.'s dominance in the market. The company also stated that it is on track to exceed earnings of $30 a share in fiscal 2028, surpassing Wall Street estimates.