Wolfe Research Warns 5M AI Jobs Risk; Broadcom AI Chip Revenue Jumps 140%
Wolfe Research finds AI automation displaced 700,000 U.S. roles and created 1 million over two years, warning up to 5 million jobs could be at risk in the next decade. Broadcom’s custom AI accelerator revenue rose 140% year-over-year, positioning it as a more durable AI investment than Nvidia.
1. AI Labor Market Shift
Wolfe Research finds that U.S. AI automation has eliminated 700,000 routine roles over the past two years while spawning 1 million positions focused on AI development and oversight. The report warns up to 5 million additional jobs could be at risk in the next decade if worker retraining fails to keep pace.
2. Broadcom’s AI Accelerator Growth
Broadcom’s custom AI accelerator division reported 140% year-over-year revenue growth, driven by renewed contracts with hyperscale cloud providers and data center operators. Investors view these deep customer ties and expanding chip portfolio as positioning Broadcom ahead of Nvidia for long-term AI infrastructure demand.