Broadcom AI products are in strong demand, and AI revenue is expected to grow by more than 40% in fiscal 2025

Sur expects Broadcom to achieve approximately $12 billion to $12.5 billion in AI revenue in fiscal 2024 (a threefold increase year-on-year) and adjusted earnings per share of $4.84, and $17 billion to $18 billion in AI revenue in fiscal 2025 (an increase of more than 40%), with adjusted earnings per share of $6.34. This is due to the continued strong growth of Google's TPU AI processors, the mass production of Meta Platforms' AI 3nm processors, the strong demand for AI network products and the start of mass production of Tomahawk 6.