Broadcom maintains its aggressive AI growth targets as Anthropic commits to massive custom chip deployments, providing a buffer against recent semiconductor sector volatility.
CEO reaffirmed and raised AI revenue targets, with Anthropic committed to large deployments, supporting bullish sentiment despite recent selloff.
Anthropic is set to become Broadcom's largest custom chip customer with committed deployment plans, indicating strong demand.
The iShares Semiconductor ETF sold off 5.6% on AI slowdown fears, reflecting sector-wide bearish sentiment.
Broadcom CEO Hock Tan has reaffirmed long-term AI revenue projections, targeting $115 billion by fiscal 2027 and $230 billion by 2028. Despite a 4.8% dip in AVGO shares following broader semiconductor sector volatility, the company maintains strong demand visibility through its partnership with Anthropic, which is set to become its largest custom silicon customer.
While Anthropic's CEO suggested slowing AI progress, their specific, contracted deployment plans for Broadcom's TPU v8i chips remain unchanged, providing tangible demand visibility.