Broadcom CEO predicts ongoing AI investment surge through 2030 as company valuation exceeds $1 trillion

Broadcom CEO Hock Tan stated that Big Tech's investment in artificial intelligence will continue rapidly until 2030. This comes as Broadcom's valuation surpassed $1 trillion, driven by a 220% increase in AI revenue to $12.2 billion in the 2024 fiscal year. Tan noted that tech companies are quickly planning AI infrastructure investments for the next three to five years. He mentioned that Broadcom collaborates with major firms like Google and Apple to develop custom AI chips, aiming to compete with Nvidia. While speculation about a potential Broadcom acquisition of Intel exists, Tan dismissed it, focusing instead on AI semiconductors. He remains open to future acquisitions but emphasized that Broadcom's current priority is enhancing its AI chip business.