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Broadcom AVGO Soars Premarket as CEO Projects Over $100 Billion in AI Chip Revenue by 2027
On March 5, 2026, Broadcom shares climbed roughly 7% in premarket trading after CEO Hock Tan said the company expects AI chip revenue to surpass $100 billion in 2027. The outlook followed a record fiscal Q1 2026, with $19.3 billion in total revenue and AI semiconductor sales more than doubling year-over-year. AVGO traded around $340.60 in the premarket session, supported by a fresh $10 billion share repurchase plan and strong custom AI chip demand from major technology clients.