Shares of chipmaker Broadcom (AVGO) rose over 17% in premarket trading Friday after the company touted its “massive” AI opportunity in its earnings report the night before.

Broadcom reported earnings after the market closed on Thursday. Quarterly earnings per share of $1.15 were slightly above forecast of $1.12 and revenue of $14.1 billion was in line with expectations.

Bernstein analyst Stacy Rasgon wrote in a note early Friday that results were “decent” and Broadcom’s strength was due to “stronger AI revenue.”

What seemed to spook investors, however, were CEO Hock Tan’s comments about its lofty guidance.

“We see our opportunity in AI over the next three years as huge,” Tan said in a call with investors on Thursday evening.

Rasgon wrote: “They (Broadcom management) have gone out of their way to give investors a reason to dream by presenting a three-year (2027) picture of $60 billion to $90 billion in potential AI revenue opportunities. Dollars subscribed by current customers (likely indicating significant upside potential versus…). current AI expectations for the company) and with more possible, considering that two new potential customers are currently in use, if not still in development.

Citi analyst Christopher Danely wrote Friday that the two new customers are likely OpenAI and Apple (AAPL). Rumors of these partnerships were previously reported in Bloomberg and The Information.