“Our Targets Haven’t Changed”: Broadcom’s CEO Pushes Back on the AI Slowdown Scare

When Anthropic CEO Dario Amodei wrote a weekend essay proposing that the AI industry should deliberately restrict its pace of progress, few companies were more dependent on the market's reaction than Broadcom. Anthropic is more than just a name in the conversation for Broadcom Inc. (NASDAQ:AVGO), it's poised to become the chipmaker's single largest custom silicon customer. AVGO shares fell 4.8% on September 14 as the broader semiconductor industry sold off, with the iShares Semiconductor ETF down 5.6%. On that same day, CEO Hock Tan told CNBC's "Mad Money" host Jim Cramer that the company's long-term AI revenue projections had not changed.