Broadcom Confirms Anthropic as a Customer for AI Chips - AI Order Backlog Skyrockets to $73 Billion!

Broadcom benefits from the high demand for custom chips, especially Google's Tensor Processing Units (TPUs). Anthropic is the previous $10 billion customer with a follow-up order exceeding $11 billion in Q4. A fifth XPU customer accounts for an order of $1 billion. AI revenues are expected to reach at least $73 billion over the next 18 months. The AI growth rate is expected to accelerate from 73% to 100% in Q1. Complete racks and HBM memory costs are squeezing the gross margin, but operational leverage is expected to convert massive...