Broadcom's stock surged over 21% after the company projected AI chip sales could reach $60 billion to $90 billion by fiscal 2027, up from $12.2 billion in 2024. CEO Hock Tan highlighted strong demand from major clients like Google, Meta, and ByteDance, with additional potential from Apple and OpenAI. Analysts responded positively, raising price targets and noting Broadcom's competitive edge in the AI chip market.
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