Broadcom Inc. (AVGO) is Avoiding Acquisitions in Favor of AI Organic Development
Key takeaways
- (AVGO) is Avoiding Acquisitions in Favor of AI Organic Development Fatima Gulzar Mon, June 29, 2026 at 1:44 AM GMT+7 1 min read AVGO Broadcom Inc.
- since Chief Executive Officer Hock Tan stated that accelerating artificial intelligence growth is a stronger driver of returns.
- Tan told Bloomberg that acquisitions can distract both the company and its customers.
Broadcom Inc. (AVGO) is Avoiding Acquisitions in Favor of AI Organic Development Fatima Gulzar Mon, June 29, 2026 at 1:44 AM GMT+7 1 min read AVGO Broadcom Inc. (NASDAQ:AVGO) is one of the 10 Best Semiconductor Stocks to Buy According to Billionaires.
since Chief Executive Officer Hock Tan stated that accelerating artificial intelligence growth is a stronger driver of returns. Tan said at the Bloomberg Tech conference that "artificial intelligence revenue is surging" and that "what can I buy that would come close to that?"
Tan told Bloomberg that acquisitions can distract both the company and its customers. He also commented that demand for AI infrastructure remains "almost insatiable." He stressed the firm's focus on supplying networking gear and custom accelerators that power AI systems, projecting that segment could exceed $100 billion in revenue by fiscal 2027.