This article first appeared on GuruFocus. Broadcom Inc. (AVGO, Financials), a semiconductor and infrastructure software business gaining more exposure to specialized AI chips and networking, is bucking predictions that the AI revolution is losing steam.CEO Hock Tan rejected fears about a broader AI slowdown and defended the company's long-term revenue targets.The message comes as investors are increasingly attuned to hints that the enormous infrastructure cycle behind AI equities could be cooling. Broadcom has a lot at stake in that dispute.The company sells networking technology to connect big clusters of AI accelerators together and is also emerging as a key participant in the custom chips that are built for hyperscale customers.
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