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Heard on the Street: Broadcom’s AI Makeover Still Has Legs

No one seems to believe Hock Tan these days. The CEO of Broadcom raised his projection for the chip maker’s artificial-intelligence business late Wednesday during the company’s fiscal second quarter earnings call. Stacy Rasgon of Bernstein noted on the call that AI revenue would be $11.6 billion even if the business didn’t grow at all in the second half of the fiscal year relative to the first. Read More...

No one seems to believe Hock Tan these days. The CEO of Broadcom raised his projection for the chip maker’s artificial-intelligence business late Wednesday during the company’s fiscal second quarter earnings call. Stacy Rasgon of Bernstein noted on the call that AI revenue would be $11.6 billion even if the business didn’t grow at all in the second half of the fiscal year relative to the first.

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