Broadcom lifts AI chip sales forecast for next two years
Broadcom forecast strong AI chip sales for the next two years, citing ongoing demand from Big Tech despite investor scrutiny of returns on large AI infrastructure spending.
Broadcom on Wednesday forecast strong AI chip sales for the next two years, offering fresh evidence that Big Tech's appetite for AI infrastructure remains undiminished as investors scrutinise returns on massive spending.Shares of the Palo Alto, California-based company were down over 1% in extended…