By BigGo Finance
Publication Date: 2026-09-15 00:55:00
Broadcom CEO Hock Tan publicly downplayed market concerns on Monday that a slowdown in AI model development could dent chip demand, emphasizing that the company’s AI semiconductor revenue forecasts for fiscal 2027 and 2028 remain unchanged. The remarks came after Anthropic CEO Dario Amodei published a weekend post calling for a slowdown in frontier AI development, triggering a broad selloff across AI infrastructure stocks.
Amodei’s call drew public support from OpenAI CEO Sam Altman and Tesla CEO Elon Musk, prompting investors to reassess the outlook for compute demand on Monday. Broadcom shares fell 4.8% on the day, while the iShares Semiconductor ETF tumbled 5.6%, with other data center component suppliers also trading lower.
Asked during an interview with CNBC “Mad Money” host Jim Cramer whether the AI slowdown debate had prompted him to reconsider Broadcom’s AI chip revenue forecasts for fiscal 2027 and 2028, Tan responded emphatically: “No, not at all.”
He elaborated: “What we…