AVGO
Broadcom’s AI math is getting a little ridiculous
On Wednesday’s earnings call, CEO Hock Tan basically looked at the AI boom and said: hold my coffee. He said Broadcom has line of sight to $230 billion in AI semiconductor revenue in fiscal 2028, which is roughly four times the $58 billion expected this year.
That’s not a typo. That’s Broadcom telling Wall Street it thinks the AI wave is still in the “giant inflatable waterslide” phase, not the “maybe we’re done here” phase.
Why investors care
This is the kind of number that can reset how you think about the stock. If Broadcom can even get close to that target, it would cement the company as one of the biggest winners in AI infrastructure — right up there with the hyperscalers and chip names that keep getting dragged into every conversation about compute, networking, and custom silicon.
But there’s a catch, because there’s always a catch:
- the target is for fiscal 2028, so investors have to wait
- the number is a forecast, not cash in the bank
- the bar just got higher, which means every quarterly stumble will matter more
Big picture
Broadcom isn’t selling a cute little AI side hustle anymore. It’s pitching a future where AI becomes a company-defining engine, and that can keep the stock in the spotlight — for better or worse. Big picture: when a chipmaker starts tossing around numbers this huge, the market stops asking whether AI is real and starts asking whether the hype is still cheap.