🦔Broadcom CEO Hock Tan said Monday that a lot of AI investors have no clue what they’re investing in and act like they’re in a casino. He also compared companies spending on AI to a kid who burns through $10 of arcade tokens in 10 minutes and learns nothing. My Take He’s not wrong, but it’s a strange thing to hear from the guy running the house. Broadcom agreed to lend Anthropic up to $42 billion to lease its chips, and Tan still projects his AI chip revenue doubling to $230 billion in 2028. A lot of the money he’s calling casino money ends up as Broadcom revenue. If businesses keep burning through AI spending like that kid with the arcade tokens, those budgets get cut, and the chip orders behind them shrink too. Tan also warned that AI companies could start running short of money to borrow, and Firmus already pulled its IPO last week when investors balked at the price. If companies cut their AI budgets or the money dries up, I have a hard time seeing Broadcom hit $230 billion in AI chip sales by 2028. Hedgie🤗