By Unknown
Publication Date: 2026-10-15 17:50:00
Key Points
Tan says that investors don’t understand what they’re investing in.
He cautioned that as spend increases, it’s getting harder for AI companies to turn a profit.
Investors should focus on profitable AI companies and diversification.
It pays to listen to anything Warren Buffett or Hock Tan, CEO of Broadcom(NASDAQ: AVGO), says about the state of the market, but when they say it together, you can be confident that there’s a lot of truth behind it.
Last May, Warren Buffett likened the current market to gambling in a CNBC interview, saying it was like “a church with a casino attached,” and he followed up in July, saying, “It’s tough to find values when everybody is preferring gambling.”
Missed AI’s “Act 1”? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn’t buy Nvidia in 2005. But according to our analysts, we’re only at the end of “Act 1″—the R&D phase. “Act 2” is the global rollout. Continue »
This week, Tan echoed that at an event in…
