Broadcom CEO Hock Tan Says Demand Already Exceeds Broadcom's $115 Billion AI Forecast. Here's What That Means for the Stock.

Key Points Broadcom's CEO says AI revenue will double in fiscal 2027 -- and double yet again in 2028. Tech companies are tapping Broadcom's custom processors to help train their AI models. Broadcom is guiding for fiscal 2028 earnings of $30 per share -- a sixfold increase from 2025. 10 stocks we like better than Broadcom › Broadcom (NASDAQ: AVGO) has emerged as an important AI processor company, albeit in a niche space. The company sells a variety of processors, but its application-specific integrated circuits (ASICs) are especially in demand right now because they can be designed for companies running specific AI models.