META
Meta Platforms (META)
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Broadcom's upgraded guidance signals stronger demand for the custom AI chip it builds for Meta. This suggests Meta's in-house AI accelerator program is scaling faster than previously indicated, reinforcing its position in the broader AI infrastructure buildout.
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Broadcom's CEO raised the company's AI revenue guidance for next fiscal year, citing accelerating shipments of its Ironwood chip to Anthropic and scaling production of Meta's custom AI accelerator.
Broadcom's upgraded guidance signals stronger demand for the custom AI chip it builds for Meta. This suggests Meta's in-house AI accelerator program is scaling faster than previously indicated, reinforcing its position in the broader AI infrastructure buildout.
FirstSquawk·09/03, 04:11 AM
Low impactBroadcom's CEO said it expects to accelerate Ironwood chip shipments to Anthropic in Q4 and scale production shipments of Meta's custom MTIA accelerator, raising FY2026 AI revenue guidance to $58 billion from $56 billion, up 186% year-on-year.
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