Broadcom projects AI chip revenue significantly above $100 billion in 2027. CEO Hock Tan announced the ambitious target following the chipmaker's better-than-expected fiscal first quarter results and strong current period guidance. AI revenue more than doubled year-over-year to $8.4 billion in the latest quarter, with the company expecting $10.2 billion this quarter. Broadcom shares surged more than 5% following the announcement. The company is capitalizing on major tech giants designing custom AI accelerators, working with six key customers including Google, Meta, Anthropic, and OpenAI. Broadcom provides critical design support and back-end services before manufacturing at foundries like Taiwan Semiconductor Manufacturing Company.