Broadcom Sees $230 Billion AI Revenue by 2028 as OpenAI, Anthropic Ramp Chip Demand
Updated
Updated · Yahoo Finance · Sep 3
Broadcom Sees $230 Billion AI Revenue by 2028 as OpenAI, Anthropic Ramp Chip Demand
3 articles · Updated · Yahoo Finance · Sep 3
Summary
$230 billion is Broadcom's new fiscal 2028 AI semiconductor revenue target, after projecting about $115 billion for 2027 and roughly $58 billion for 2026.
Anthropic and OpenAI are driving that outlook: Anthropic is expected to become Broadcom's largest XPU customer in 2027, while OpenAI could deploy more than 5 gigawatts of Jalapeno XPUs in 2028.
Q3 results showed the momentum already building, with AI chip revenue more than tripling to $16.7 billion and total revenue rising 86% to $29.59 billion, both ahead of estimates.
AVGO shares still slipped 1.3% in overnight trading because Broadcom's Q4 revenue forecast implied 93% growth but fell short of Wall Street expectations.