This article first appeared on GuruFocus. Broadcom (NASDAQ:AVGO) shares fell sharply on Monday as concerns about a slower pace of frontier artificial intelligence development weighed on chip stocks, but CEO Hock Tan said he sees little reason to change the company's longer-term AI outlook, according to a Monday CNBC interview. The concerns followed comments from Anthropic CEO Dario Amodei calling for a more measured approach to advances in AI models. OpenAI CEO Sam Altman and Elon Musk have also raised concerns around the pace and risks of AI development. Warning! GuruFocus has detected 3 Warning Sign with AVGO. Is AVGO fairly valued? Test your thesis with our free DCF calculator.
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