Broadcom CEO: AI growth potential far exceeds M&A returns

格隆汇2026/06/05 01:31

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Glonghui, June 5 — Broadcom CEO Hock Tan stated that the company's focus has now shifted from mergers and acquisitions to artificial intelligence, as AI offers stronger growth potential. This CEO built the chip giant through a series of acquisitions. At the Bloomberg Technology conference held in San Francisco on Thursday, Tan said that AI revenue is soaring, which reduces the appeal of external deals. “I look around—what can I buy that comes close to that level?” he said. He also noted that acquisitions are a distraction for both the company and its customers. According to Tan, market demand for AI infrastructure is almost insatiable. At Broadcom, Tan has made a significant pivot toward the AI market. The California-based company, headquartered in Palo Alto, sells network chips and custom accelerators used in developing and operating AI models. He expects this business to generate over 100 billion dollars in revenue in the 2027 fiscal year.

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On October 8, Levi Strauss (LEVI.N) shares fell 1.3% in pre-market trading to $19.25 after the company reported lower-than-expected sales in the U.S. and Europe. BTIG commented: “This quarter, the European direct-to-consumer (DTC) business was hit by unusually warm weather, but as temperatures return to normal, foot traffic and sales trends have improved, maintaining a positive outlook in early Q4.” The brokerage also noted that the company remains strong in wholesale, e-commerce, and market share in jeans, but its “back-to-school” marketing campaign did not meet expectations. Benefiting from tariff refunds on Wednesday, the company raised its annual profit forecast and is betting on strong demand for its premium jeans and sweaters during the holiday season. Sixteen analysts have an average “buy” rating; the median price target is $27, according to LSEG. The stock has risen 6% year-to-date as of the previous close.

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