AVGO ▲ +0.4% - Broadcom Inc. $AVGO expects its AI networking revenue to grow just as fast as its XPU business over the next few years, as it aims to roughly 4x AI semiconductor revenue from $58B in FY26 to $230B in FY28. Broadcom rose 0.4% after announcing ambitious growth targets for its AI business, projecting AI semiconductor revenue will expand roughly fourfold from $58 billion in fiscal 2026 to $230 billion by fiscal 2028, with AI networking revenue expected to grow at a similar pace as its XPU business. The guidance signals the company's confidence in sustained demand for AI infrastructure chips as a major growth driver over the coming years. 02-SEP-2026 05:31 PM ET