Broadcom CEO Hock Tan OpenAI has showed off the company’s first custom AI chip, which it designed with Broadcom, as it seeks to speed its development of its infrastructure. AI labs such as OpenAI and Anthropic are struggling to obtain enough computing horsepower to run the latest, most powerful chatbots and coding apps. Some, such…
Broadcom‘s stock surged nearly 5% on Thursday as CEO Hock Tan touted strong demand for the company’s chips amid the artificial intelligence boom. He told analysts on Wednesday that he anticipates AI chip revenue in 2027 that’s “significantly in excess of $100 billion” as demand mounts for designing custom silicon. That far surpassed many bullish…
A Broadcom circuit board for chip testing is pictured during a lab tour as Broadcom prepares to launch new optical chip tech to fend off Nvidia in San Jose, California, U.S., September 5, 2025. Brittany Hosea-small | Reuters Broadcom shares rallied 11.1% on Monday, making it the S&P 500’s top performer of the day, as…
