Broadcom's Hock Tan calls the AI trade a casino, then helps fund the bets

Broadcom (NASDAQ: AVGO) CEO Hock Tan told a Singapore audience on October 12 that many AI investors behave like casino gamblers. Tan’s comment helped drag Asian chip stocks lower on Tuesday. His own company, meanwhile, is arranging billions in loans so its customers can keep buying the chips he says they barely understand. Broadcom’s CEO Hock Tan, speaking at an event in Singapore, said that investors have “extreme expectations.” He also added that a lot of investors have no clue what they are investing in.