Broadcom CEO Hock Tan Says AI Isn't Hurting Software Business: 'We're Not Seeing It'

On Wednesday, Broadcom, Inc. (NASDAQ:AVGO) said demand tied to artificial intelligence infrastructure is boosting parts of its software business, with CEO Hock Tan dismissing concerns that the rise of AI and agentic AI could hurt long-term growth.
AI Demand Is Driving VMware Growth
Speaking during Broadcom's fiscal second-quarter earnings call, Tan said the company is seeing stronger momentum in its infrastructure software business, particularly from VMware, as customers expand computing capacity to support AI workloads.
"We're not seeing it," Tan said when asked whether AI or agentic AI was affecting software growth and renewals. Instead, he pointed to rising hardware demand as a tailwind.
"If anything else, as I reported, the high volume of core count of CPUs selling together with GPUs,