Tag: revenue
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Broadcom tumbles as revenue miss clouds AI boom bets
June 4 : Broadcom shares sank about 12 per cent in premarket trading on Thursday, a day after the company missed quarterly revenue views and disappointed investors’ lofty expectations of stronger momentum from the AI boom.The chipmaker could lose more than $285 billion in market cap at the current price of $4
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Broadcom’s sales and AI chip forecast comes in below expectations, shares tumble
(Corrects typo in headline)By Anhata Rooprai, Zaheer Kachwala and Stephen NellisJune 3 : Chipmaker Broadcom missed Wall Street expectations for second-quarter revenue on Wednesday and its top executive left a previous 2027 sales forecast unchanged, sending its shares down more than 13 per cent in ext
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Broadcom’s sales and AI chip forecast comes in below expecations, shares tumble
June 3 : Chipmaker Broadcom missed Wall Street expectations for second-quarter revenue on Wednesday and its top executive left a previous 2027 sales forecast unchanged, sending its shares down more than 13 per cent in extended trading.Second-quarter revenue of $22.19 billion missed estimates of $22.27 billio
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Broadcom’s second-quarter revenue misses estimates as competition bites
June 3 : Broadcom missed Wall Street expectations for second-quarter revenue on Wednesday, as increased competition in the custom semiconductor market hurt gains from its AI chips, sending its shares down more than 11 per cent in extended trading.Second-quarter revenue came in at $22.19 billion, missing estim
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Broadcom forecasts quarterly revenue above estimates on strong AI chip demand
(Corrects to say adjusted profit beat estimates, not trailed, in paragraph 7)June 3 : Broadcom forecast third-quarter revenue above Wall Street expectations on Wednesday, betting on robust demand for its custom AI chips and networking gear.However, shares of the Palo Alto, California-based company fel
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