Broadcom expects $10B in revenue from AI-related chips in 2024, as CEO Hock Tan says AI revenue, up 4x YoY to $2.3B in Q1, offset a cyclical business slowdown
Broadcom with double beat. Highlights VMWare acquisition and AI as drivers of growth: CEO: “strong demand for our networking products in AI data centers, as well as custom AI accelerators from hyperscalers, are driving growth in our semiconductor segment” $AVGO: -3.3% AH [image]