Tag: estimates amid
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Broadcom forecasts quarterly sales below estimates amid rising custom AI chip competition
Sept 2 : Broadcom forecast quarterly revenue below Wall Street estimates on Wednesday, signaling intense competition could hamper gains from its custom processors. Shares of the Palo Alto, California-based company fell over 3 per cent in extended trading. They have gained about 6 per cent this year, significa
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Oracle beats fourth-quarter revenue estimates amid AI spending worries
June 10 : Oracle reported fourth-quarter revenue that narrowly beat Wall Street expectations on Wednesday, amid growing concerns about its spending and AI-driven disruption to traditional software demand.Shares of the company fell 2 per cent in extended trading, after it said it expects to raise nearly $40 bi
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