Broadcom CEO Hock Tan compared many AI investors to casino gamblers at the DBS Asia Future Forward Conference on October 12, 2026 in Singapore, triggering a roughly 3% drop in the iShares Semiconductor ETF (SOXX) and a 2% decline in Broadcom’s share price. The company reported $16.7 billion in AI-related revenue for fiscal Q3, up 221% year-over-year, with forecasts of $21.7 billion for Q4 and $58 billion for fiscal 2026. Aoifinn Devitt of Moneta disputed the casino analogy, arguing that the ongoing AI market correction is natural and that the actual risks for investors are overstated. Tan also warned that access to capital could become the main constraint on AI infrastructure growth, surpassing limitations related to chips or electricity.
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