Broadcom CEO Hock Tan says many AI investors act like gamblers

Broadcom CEO Hock Tan has a message for the people pouring money into artificial intelligence: many of them are behaving like gamblers. The remark, reported by Bloomberg, comes as Tan makes a broader argument. He says the biggest threat to AI’s buildout may no longer be chips or electricity. It may be money. Speaking at the DBS Asia Future Forward Conference on October 12, 2026, Tan said access to capital may become the primary constraint on expanding AI infrastructure. In his view, that concern could overtake the chip supply and power availability problems that dominated earlier debates. Tan noted that supply chain issues are easing. The harder part ahead, he suggested, is financing. Building AI data centers takes enormous sums, and someone has to fund them before any of the promised returns arrive. Still, Tan is not calling the top on demand. He said demand for compute will remain robust at least until 2030. He has also described AI compute demand as “insatiable.” Broadcom has raised its fiscal year 2026 AI semiconductor revenue guidance to $58 billion, up from earlier expectations. The projections from there get steep. The company’s targets call for $115 billion in fiscal 2027 a...