Broadcom's AI Moat Widens, Stock Volatility Persists

Broadcoms CEO, Hock Tan, predicts AI chip sales to double next quarter, backed by a massive backlog. Despite strong earnings, shares plummeted after hours, but analysts remain optimistic with a price target of $456. The company focuses on seven key hyperscaler customers for custom silicon, with new deals and a shift to super-fast optical networking on the horizon.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.