Broadcom, a technology company, announced that its revenue increased by 86% to $29.6 billion in the quarter ending August 2. This growth is largely due to its work designing artificial intelligence (AI) chips for major companies like Google, Meta, and OpenAI. During a recent earnings call, Broadcom's CEO, Hock Tan, predicted that the company's revenue from AI chips will double in 2027 and again in 2028, indicating strong future growth in this area.
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