Like Nvidia , Broadcom is positioning itself to be a major beneficiary of the AI spending frenzy. And chief executive officer Hock Tan said his company had won two major new hyperscaler customers — the biggest operators of data centres.
Broadcom Inc., a chip supplier for Apple Inc. and other big tech companies, surged to a US$1 trillion market valuation for the first time after predicting a boom in demand for its artificial intelligence (AI) chips.
Sales of AI products will gain 65% in the fiscal first quarter, far faster than its overall semiconductor growth of about 10%, the company said during a post-earnings conference call. The chipmaker also predicted that the addressable market for AI components that it designs for data centre operators would reach as high as US$90 billion by fiscal 2027.
