Broadcom Falls 2% as $230 Billion AI Target Doubles the Delivery Test
Broadcom NASDAQ:AVGO, the custom AI chip and networking supplier, fell about 2% to $348.02 at 10.40am ET time on Thursday morning. Investors are weighing a huge promise: according to Reuters, Broadcom expects AI chip revenue of roughly $115 billion in fiscal 2027 and $230 billion in 2028.The busine…