A Message From Decentralized Masters

Dear Reader,

Don't buy Nvidia.

Not when the AI companies that will define the next decade are selling for pennies.

You won't find them on any stock exchange.

That's not where they're being funded anymore, and Washington figured that out before most investors did.

The White House appointed David Sacks as the first ever AI and crypto czar.

One person. Both roles.

Then they published a document titled "Winning the Race: America's AI Action Plan."

I worked on Wall Street for years, and I've never seen a bigger opportunity than this.

At the highest level of government, AI and crypto are not two revolutions… they're one.

And that's where most people hit a wall.

OpenAI isn't for sale to you.

Neither is Anthropic.

Sequoia and a16z write the $100 million checks that buy access, and there's no version of this where they let retail in beside them.

But the next generation of AI companies isn't waiting on VCs.

The big funds already know it.

Their focus has shifted to a subsegment they call decentralized AI.

They're launching tokens in the native markets.

This is where coins list months before Coinbase, Kraken, or Robinhood… because raising from millions of investors beats begging a handful of funds.

Take TAO.

It listed in the native markets in May 2023 around $35. Less than a year later it traded above $700.

But TAO is the foundation. The opportunity is what runs on top of it.

What TAO built is called subnets… independent AI companies operating on its network, each with its own token.

One runs among the best weather forecasting models in the world.

Another is a coding assistant.

Another is cloud storage that undercuts the majors.

Many are generating real revenue today.

You can buy into any of them directly, for as little as $50.

My research team lives in these markets.

For two years our research has been independently audited by Conquest Investment Advisory AG, a German firm regulated by BaFin.

The audit covers 571 research calls, 86.34% of which rose more than 20%, with an average return to all-time high of 416.88%*.

Most people still think digital assets are about currency. That narrative died in 2020.

This is the world's first open venture capital market… a teacher in Ohio investing at the same stage as a billionaire in Singapore.

Watch the free training on how to access the native markets (and buy potential AI unicorns before major exchange listings) →

To your wealth,
Tan Gera, CFA©
Decentralized Masters

P.S. Nvidia is worth trillions. TAO was $35 three years ago. The next potential unicorns are sitting in the native markets right now. See how to access them →

*Audited results as of July 20, 2026. Audit conducted by CONQUEST Investment Advisory AG.

The Path to $230 Billion: Broadcom Outlines the Next Phase of Its AI Growth Story

Authored by Leo Miller. Posted: 9/3/2026.

Broadcom's (NASDAQ: AVGO) latest earnings report was among the most revealing the company has released in recent quarters.

Another quarter of explosive AI sales growth stood out, but the quarter itself was far from the biggest story.

Management also provided key statistics and insights that give investors a much clearer understanding of the dramatic growth ahead.

The most important takeaway came later, when management outlined how much AI semiconductor demand it believes it can serve over the next two fiscal years.

Broadcom Beats, But Next-Quarter Guidance Falls Short

Broadcom released its financial results approximately one hour before its earnings call began. The headline numbers alone elicited a negative market reaction, with Broadcom shares falling as much as 5% in after-hours trading.

Broadcom posted sales of $29.6 billion, an 86% increase year over year (YOY). This slightly exceeded analyst estimates of $29.43 billion. The company’s earnings per share came in at $3.32, a 96% YOY increase, beating estimates of $3.22.

The likely cause of Broadcom’s decline after releasing its report was its guidance for the next quarter. Broadcom said it expects to generate sales of $34.8 billion, slightly below estimates of $35 billion.

Still, Broadcom solidly surpassed its own guidance for AI semiconductor sales of $16 billion. The company generated $16.7 billion in segment revenue, up 221% YOY. Next quarter, the company expects even more astonishing growth, forecasting $21.7 billion in sales, or a 236% YOY increase. Considering these factors, Broadcom raised its full-year AI semiconductor sales guidance to $58 billion from $56 billion. However, this figure still pales in comparison with what Broadcom expects going forward.

Broadcom Provides Long-Awaited AI Semiconductor Sales Guidance

The tide began to turn as CEO Hock Tan gave his presentation. Management provided investors with the clarity they sought, offering concrete AI guidance not only for fiscal year 2027 (FY2027) but also for FY2028.

In FY2027, the company said it had secured enough supply to generate $115 billion in annual AI semiconductor revenue. This figure implies nearly a doubling of its AI semiconductor revenue and represents a notable increase from the company’s previous guidance of “more than $100 billion.”

Importantly, Tan said directly that Broadcom’s AI demand exceeds what this outlook implies, meaning that supply is limiting growth. In this context, it makes sense why Broadcom did not previously raise its AI semiconductor guidance. The company was likely unsure how much supply of key components it would be able to secure and, consequently, how many chips it could deliver to customers. One of the most likely supply constraints Broadcom is facing is high-bandwidth memory (HBM), which remains in tight supply.

The company said it would work to secure more supply, implying upside to its forecast if successful. Meanwhile, Broadcom expects AI semiconductor sales to double again in FY2028 to $230 billion. This figure alone, excluding Broadcom’s non-AI semiconductor and software businesses, is 3.6 times higher than Broadcom’s total revenue in fiscal year 2025.

These comments quickly shifted the market’s interpretation of Broadcom’s results. Within minutes, the stock moved from down 3% to up 3%.

Frontier Labs Set to Supplant Alphabet as Broadcom’s Top AI Customer

Broadcom shed considerable light on its relationships with its six XPU customers, providing several important statements on this front. First, the company noted that its engagement with Alphabet (NASDAQ: GOOGL) has “never been stronger.” This came even as the company specifically said MediaTek (OTCMKTS: MDTKF) was developing Alphabet’s Tensor Processing Unit (TPU) v8t, substantiating recent rumors.

On the other hand, Broadcom is responsible for the TPU v8i, the next-generation inference-specific variant of the TPU v8. This is particularly positive, as analysts expect inference workloads to increasingly grow their share of AI workloads relative to training workloads. Overall, Broadcom says it intends to “deliver multi tens of billions of dollars of TPUs annually” to Alphabet. These comments somewhat mitigate concerns that Broadcom is losing share within Alphabet’s TPU program.

Additionally, even if the company is losing share at Alphabet, the negative impact is likely to lessen in the coming years. Broadcom noted that Anthropic is on track to become its largest XPU customer, while OpenAI is on track to become its second-largest XPU customer. This would presumably move Alphabet to its third-largest customer over time after it held the top spot for years. In turn, Broadcom should be less reliant on maintaining a massive share of Alphabet’s TPU program.

Broadcom’s AI Growth Story Is Just Getting Started

All in all, Broadcom shares were down slightly at the conclusion of after-hours trading. The stock likely would have received a meaningful boost if its FY2027 AI semiconductor guidance had been higher, as the figure was somewhat underwhelming. However, supply constraints provide a reasonable explanation for why Broadcom chose the number it did.

Nonetheless, Broadcom continues to forecast massive AI growth over multiple years, with $230 billion in AI chip sales expected in FY2028. That outlook supports a healthy long-term case for the stock.