💨 Abstract

Broadcom assuaged investor concerns about AI chip demand with a strong Q2 forecast, hinting at new customers in the highly competitive market. The chipmaker expects $4.4 billion in Q2 AI semiconductor revenue as hyperscale customers invest in custom AI chips. Broadcom now has four more hyperscale customers working on custom chips, not included in its 2027 revenue opportunity estimate.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖