The post Broadcom (AVGO) Stock Surges 5% on Bold $100B AI Revenue Projection by 2027 appeared on BitcoinEthereumNews.com.

Key Takeaways AI-related revenue at Broadcom more than doubled during Q1, reaching $8.4 billion thanks to strong sales of custom AI accelerators and networking solutions. CEO Hock Tan forecasted that AI chip revenue will surpass $100 billion annually by 2027. First quarter adjusted earnings per share reached $2.05, surpassing analyst expectations of $2.03; total revenue of $19.31 billion exceeded projections. Management issued Q2 revenue guidance of approximately $22 billion, significantly higher than the Street’s ~$20.5 billion estimate. A fresh $10 billion share repurchase program was unveiled, with supply commitments locked through 2028. Shares of Broadcom advanced approximately 5% during Thursday’s session following robust first-quarter financial results and an optimistic long-term AI growth outlook presented by CEO Hock Tan. Broadcom Inc., AVGO The rally followed Broadcom’s report of adjusted earnings reaching $2.05 per share, narrowly beating the Wall Street consensus of $2.03. Total revenue reached $19.31 billion, marking a 29% increase from the prior year and exceeding analyst expectations of $19.18 billion. The second-quarter outlook proved particularly impressive. Management projected revenue near $22 billion for the upcoming quarter — substantially above the analyst consensus of $20.5 billion. Artificial intelligence revenue emerged as the standout metric. The segment more than doubled during the period to reach $8.4 billion, propelled by robust demand for customized AI accelerators and networking hardware. According to Tan, the customer base has expanded beyond established hyperscale cloud providers. Organizations developing AI agents, automated code generation platforms, and consumer-facing AI applications are increasingly adopting Broadcom’s specialized chip solutions. The company’s AI semiconductor partnerships include major technology giants such as Alphabet, Meta, OpenAI, and Anthropic. During the analyst call, Tan expressed confidence that the company has clear “line of sight” to annual AI chip revenue surpassing $100 billion by 2027 — a projection that exceeded even the most bullish Street…

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Filed under: News - @ March 6, 2026 12:24 am