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Broadcom and the Custom Silicon Supercycle
Broadcom boosts AI visibility with $100B+ 2027 outlook and a $10B buyback
Broadcom ($AVGO) just raised the ceiling on how big custom AI chips can get, guided next quarter above expectations, and added a fresh $10B buyback. This is a read-through for the whole AI infrastructure stack: chips, networking, and cloud capex.
What happened
Broadcom ($AVGO) said it now has line of sight to AI chip revenue in excess of $100B in 2027.
It guided Q2 revenue to about $22.0B, above consensus.
It announced a new share repurchase program of up to $10B through the end of the year.
In Q1, revenue rose 29% to…
The skinny
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