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Broadcom CEO Defends AI Growth as Anthropic Custom Chip Demand Surges

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The Story

News Summary

  • Broadcom shares fell nearly 5% on AI slowdown worries, but CEO Hock Tan reaffirmed long-term AI forecasts.
  • Tan emphasized durable infrastructure and inference demand, projecting Anthropic will overtake Alphabet as Broadcom's largest custom-chip customer by 2027.
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