1 of 1
Story summary
- Broadcom projects AI semiconductor revenue will reach $115 billion in 2027 and $230 billion in 2028.
- The company reported $16.7 billion AI semiconductor revenue in its latest quarter.
- Broadcom is partnering with hyperscalers Alphabet, Meta Platforms, OpenAI and Anthropic on custom chips.
- Broadcom's stock trades below 18 times next-year earnings, suggesting potential rise to 30 times if forecasts hold.
- Analysts say the AI revenue surge is unpriced and could double the share price by 2028.