The company was on track to add around $120 billion to its market value of $843 billion, based on premarket share movements, as it also forecast revenue for the first quarter above Wall Street estimates on Thursday. Broadcom has become a go-to supplier for big technology companies looking to reduce their dependence on pricey, supply-constrained AI processors made by front-runner Nvidia by developing their own advanced custom chips. CEO Hock Tan said on Thursday he expected the AI market to present a revenue opportunity between $60 billion and $90 billion for fiscal 2027, adding that Broadcom had won two major hyperscaler customers, which refers to large cloud firms.