Broadcom’s management projects AI-related revenue will reach $230 billion by 2028, underscoring the company’s growing exposure to artificial-intelligence infrastructure. The company reported third-quarter revenue growth of 85% year over year and net margins of 44%. Broadcom’s third-quarter AI revenue reached $16.7 billion, up 221% from a year earlier and above the $15.9 billion Street consensus estimate. It forecast fourth-quarter AI revenue of $21.7 billion, up 236% year over year and above the $21.3 billion consensus, while raising its fiscal 2026 AI revenue forecast to $58 billion from $56 billion. Future Fund Managing Partner Gary Black has called Broadcom the cheapest of the eight large technology stocks he groups as the Mag 8, citing a 0.9x 2026 PEG ratio. Broadcom shares fell after its quarterly results but later partly recovered. CEO Hock Tan said demand for AI chips exceeded the company’s current shipping capacity.