Euronews
Europe · 3 hrs ago
✦ 78◉ Centre
AI giant Broadcom sheds $300bn in market value as outlook misses sky-high expectations
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Quality 78/100
Partisan intensity 35/100
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◉ Centre ✓ Fair headline
Broadcom reported strong quarterly results with 48% revenue growth and 143% AI semiconductor sales increase, but declined to raise long-term guidance, causing its share price to drop over 12% in after-hours trading and wiping approximately $300bn from its market capitalisation.
AI giant Broadcom sheds $300bn in market value as outlook misses sky-high expectations
The American chipmaker Broadcom reported a 48% revenue surge and AI semiconductor sales up 143%, but its refusal to raise its long-term sales target sent shares tumbling more than 12% in after-hours trading.
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