Broadcom's Revenue Surges with AI Chip Deals

Broadcom has announced its fiscal first-quarter 2026 revenue, reaching $19.3 billion, marking a 29% increase compared to the previous year. According to NS3.AI, this growth is largely attributed to new AI chip agreements with major tech companies Alphabet and Anthropic. The company's net income also saw a significant rise, increasing by 34% to $7.3 billion. CEO Hock Tan projected that revenue from AI chips is expected to surpass $100 billion by 2027.