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The artificial intelligence (AI) boom has created one of the strongest growth cycles the semiconductor industry has seen in years. But as prominent AI executives begin calling for a more measured approach to developing increasingly advanced systems, the move could eventually ripple through the entire technology industry.
For Broadcom (AVGO), this is bad news. The company has been one of the biggest beneficiaries of the AI infrastructure buildout, with custom AI accelerators and networking products driving an extraordinary share of its recent growth. A meaningful slowdown in AI development could pressure demand for chips, networking equipment, and data center infrastructure.
