With AI Revenue Set to Surge 400% Over the Next 2 Years, Broadcom Stock Looks Like a Buy on Recent Dip - AOL

Broadcom (NASDAQ: AVGO) is projecting steep AI-related growth and recently reported strong quarterly results, according to the article. The company expects AI revenue to double to $115 billion in fiscal 2027 (up from earlier guidance of $100 billion) and then double again to $230 billion in fiscal 2028. In fiscal Q3 ended Aug. 2, Broadcom’s AI semiconductor revenue rose 221% year over year to $16.7 billion. It highlighted shipments of Ironwood TPU v7 chips to Alphabet and Anthropic and the start of shipping Alphabet’s next-generation Tensor Processing Units TPU v8i for inference, while MediaTek handles the v8t for training. Broadcom also projected adjusted EPS above $30 in fiscal 2028, citing supply improvements despite demand above its $115 billion outlook.