Broadcom CEO Comments on AI Development Pace and Market Impact
On September 14, 2026, Broadcom (AVGO) CEO Hock Tan addressed concerns raised by Anthropic's Dario Amodei about slowing down advanced AI development. While acknowledging the need for governance around AI tools, Tan emphasized that current capabilities do not pose existential risks and compared generative AI to transformative historical events like the Industrial Revolution. Tan expressed confidence in continued strong demand for AI infrastructure during Broadcom’s Q3 fiscal 2026 earnings call. The company reported $16.7 billion in AI semiconductor revenue for the quarter, a 221% year-over-year increase and 54% growth from the previous quarter. Total consolidated revenue reached $29.6 billion with free cash flow of $13.7 billion. Despite market volatility following Amodei’s essay—AVGO dropped over 4.8%, while semiconductor ETFs fell sharply—Tan maintained Broadcom's AI-related forecasts for fiscal years 2027 and beyond, projecting continued robust growth in compute demand.
Tickers: $AVGO
Topics: Artificial Intelligence Corporate Leadership Market Reaction