Broadcom Reaffirms $230 Billion 2028 AI Target as Anthropic Slowdown Fears Sink Shares 4.8%
Updated
Updated · CNBC · Sep 14
Broadcom Reaffirms $230 Billion 2028 AI Target as Anthropic Slowdown Fears Sink Shares 4.8%
2 articles · Updated · CNBC · Sep 14
Summary
Hock Tan said Broadcom is not reconsidering its AI semiconductor outlook despite a market selloff triggered by Anthropic CEO Dario Amodei's call to slow frontier model development.
Broadcom still expects AI semiconductor revenue to reach $115 billion in fiscal 2027 and double to $230 billion in 2028, with Tan calling compute and inference demand strong and durable.
Anthropic's importance to that forecast is rising: Tan said it is on track to become Broadcom's largest custom-chip customer in 2027 and remain so in 2028, overtaking Google.
Investor anxiety was immediate — Broadcom fell 4.8% and the iShares Semiconductor ETF dropped 5.6% — because Amodei's essay raised doubts about future AI infrastructure spending.
Tan backed safeguards on AI but rejected the idea that the technology will run out of control, arguing inference-led adoption will keep driving long-term demand.