Broadcom sees over $100 billion in AI chip sales by 2027 on robust custom chip demand

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Chip designer Broadcom on Wednesday projected its artificial intelligence chip revenue would exceed $100 billion by next year, signaling surging demand for custom artificial intelligence chips in a market dominated by Nvidia.

The company’s share price rose more than 4% in extended trading after it also announced a new share repurchase program of up to $10 billion through the end of the year.

Big Tech firms such as Alphabet, Microsoft , Amazon and Meta are expected to spend at least $630 ‌billion to build ⁠AI infrastructure ⁠this year, boosting…



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Broadcom sees over $100 billion in AI chip sales by 2027 on robust custom chip demand



Chip designer Broadcom on Wednesday projected its artificial intelligence chip revenue would exceed $100 billion by next year, signaling surging demand for custom artificial intelligence chips in a market dominated by Nvidia.

The company’s share price rose more than 4% in extended trading after it also announced a new share repurchase program of up to $10 billion through the end of the year.

Big Tech firms such as Alphabet, Microsoft , Amazon and Meta are expected to spend at least $630 ‌billion to build ⁠AI infrastructure ⁠this year, boosting…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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