Broadcom CEO Forecasts $1 Trillion Valuation, AI Market Boom
Broadcom's CEO Hock Tan predicts significant growth in the AI chip market, with the company's valuation surpassing $1 trillion for the first time. By 2027, Broadcom expects a serviceable addressable market of $60–90 billion in AI-related products and networks. The company is also benefiting from its $69 billion acquisition of VMware, which contributed $3.85 billion in revenue last quarter.
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