Broadcom CEO Says Some AI Investors Are Gambling as AI Revenue Jumps

Broadcom CEO Hock Tan warned that some artificial intelligence investors are making speculative bets without fully understanding them, as the company forecasts sharply higher AI-chip revenue. Tan made the remarks at a Singapore event on Monday, Oct. 12. Broadcom supplies custom AI accelerators and networking equipment to large technology companies under its announced infrastructure collaboration with OpenAI. Broadcom reported $29.6 billion in fiscal third-quarter 2026 revenue for the period ended Aug. 2, up 86% from a year earlier.