Broadcom Forecasts AI Revenue Surge to $230 Billion by 2028

Key Facts

1Broadcom expects AI revenue to reach $115 billion in fiscal 2027 and $230 billion in fiscal 2028.

2AI semiconductor revenue surged 221% year over year in the fiscal third quarter ended Aug. 2.

3The company began mass shipments of Ironwood TPU v7 chips to Alphabet and Anthropic and TPU v8i chips to Alphabet.

Amid the rapid expansion of cloud computing infrastructure, Broadcom has issued a highly optimistic long-term outlook for its semiconductor business. The company expects AI revenue to reach $115 billion in fiscal 2027, forecasting it to double to $230 billion by 2028. This guidance follows a surge in AI semiconductor revenue, which grew 221% year-over-year in the fiscal third quarter ended August 2.

This robust growth is fueled by the commencement of mass shipments of Ironwood TPU v7 chips to Alphabet and Anthropic, alongside TPU v8i chips for Alphabet. Per market data, investors are closely monitoring sector leaders, with Microsoft (MSFT) closing at $499.7 and Meta (META) at $616.77 on September 4, 2026, highlighting the scale of ongoing AI infrastructure investment.

Broadcom (AVGO) shares stood at $357.9 at the close of September 4, 2026, while Alphabet (GOOGL) closed at $338.46 on the same date. Looking ahead, traders are watching for the Fed Barr speech scheduled for later today, September 7, to gauge any monetary policy signals that could impact the technology sector.