Broadcom CEO addresses Anthropic's slowdown push, says AI revenue targets haven't changed — SkimNews
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- Broadcom CEO Hock Tan, on CNBC's "Mad Money" Monday, dismissed concerns that a potential AI development slowdown would alter the chipmaker's fiscal 2027 and 2028 AI semiconductor forecasts: "No, not in the least."
- Anthropic CEO Dario Amodei's weekend essay urging moderation in frontier model development—endorsed by OpenAI's Sam Altman and Elon Musk—sent Broadcom shares down 4.8% and the iShares Semiconductor ETF down 5.6% during Monday's session.
- Anthropic is on track to become Broadcom's largest custom chip customer in 2027 and retain that status in 2028, a title historically held by Google through co-designed tensor processing units.
- On Broadcom's September 2 earnings call, Tan forecast AI semiconductor revenue of $115 billion in fiscal 2027, doubling to $230 billion in fiscal 2028—the latter beating expectations.
- Tan expressed particular confidence in inference demand: "I don't know about training, but when you want to productize inference, I see it continuing to be very, very strong."
- Tan said he agrees with Amodei that AI needs governance but argued the technology is "not a live animal that will run wild by itself," likening its economic effect to the Industrial Revolution.
Why it matters: Broadcom's $230 billion fiscal 2028 AI revenue target now rests heavily on Anthropic—a company whose CEO is publicly urging slower AI development while simultaneously deepening its chip relationship with Broadcom. That contradiction means investors selling chip stocks on slowdown rhetoric are shorting the slowdown advocate's own biggest future customer.
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