Broadcom boosts AI visibility with $100B+ 2027 outlook and a $10B buyback

Broadcom ($AVGO) just raised the ceiling on how big custom AI chips can get, guided next quarter above expectations, and added a fresh $10B buyback. This is a read-through for the whole AI infrastructure stack: chips, networking, and cloud capex.

What happened

Broadcom ($AVGO) said it now has line of sight to AI chip revenue in excess of $100B in 2027.

It guided Q2 revenue to about $22.0B, above consensus.

It announced a new share repurchase program of up to $10B through the end of the year.

In Q1, revenue rose 29% to $19.31B, and AI revenue more than doubled to $8.4B (up 106%).

Broadcom is leaning into custom silicon (ASICs) plus networking, working with major AI buyers and partners to turn designs into manufacturable ...