Broadcom has shifted from a smartphone chip supplier to a major player in AI, boasting a $1.3 trillion market cap. It projects a surge to $2 trillion by 2026, requiring a 55% increase in stock price and significant AI revenues of $20-$30 billion. The acquisition of VMware has enhanced its software offerings. AI revenue increased by 46% year-over-year, potentially reaching $12.2 billion annually. CEO Hock Tan anticipates substantial growth in the AI chip market, with Broadcom targeting a dominant share by 2027, further solidifying its position in the tech market.
Broadcom, with a current market cap of $1.3 trillion, aims for $2 trillion by 2026, requiring a 55% stock surge and significant AI revenue earnings.
The company has transitioned from smartphone chips to AI infrastructure, driving demand through strategic acquisitions and custom chips for major hyperscalers.
AI revenue rose 46% year-over-year to $4.4 billion in Q2, with a projected total of $12.2 billion, indicating strong market growth potential.
CEO Hock Tan targets a staggering $60 billion to $90 billion AI chip market by 2027, with the ambition of capturing up to 70% of it.
Collection
[
|
...
]