Lates News

date
07/09/2025
The CEO of American company Broadcom, Hock Tan, said on Thursday that the company expects a "significant improvement" in its artificial intelligence revenue for the 2026 fiscal year after securing a new customer with an AI infrastructure order worth over $10 billion. Tan, who was 73 years old at the time of Broadcom's filing in March, also announced his commitment to continue leading the company for at least five more years. Investors welcomed this news, with the stock price rising by 4% in after-hours trading.