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00:02Broadcom shares edged lower in Tuesday pre-market trading after falling 4.77% Monday as concerns
00:08about a potential slowdown in advanced AI development weighed on chip stocks, according
00:12to Benzinga.
00:13CEO Hocktan told CNBC that the safety debate has not changed Broadcom's long-term AI outlook,
00:19with demand for AI compute infrastructure remaining very strong, particularly for inference.
00:24Broadcom expects AI semiconductor revenue to reach $115 billion in fiscal 2027 and double
00:30to $230 billion in fiscal 2028.
00:33His comments followed Anthropix CEO Dario Amode's call for slower frontier AI development.
00:39Hocktan said AI needs safeguards but could create enormous value comparable to the Industrial
00:43Revolution.
00:44Shares were down 0.07% at $344.48 in Tuesday pre-market trading, according to Benzinga Pro
00:51Data.
00:52For all things money, visit Benzinga.com.
