Broadcom in Podcasts
companyAmerican technology company known for its cloud computing and AI hardware.
Mentions Over Time
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Mentions in Podcasts
And since then, shares in Broadcom are down 22%.
Now, sentiment surrounding the AI trade has been depressed since last week's disappointing revenue forecast from Broadcom.
The software and cloud computing companies' results come a week after a disappointing forecast from chipmaker Broadcom brought a halt to the blistering rally in chipmakers and other AI stocks.
Shares of chipmakers Nvidia, Broadcom and Micron dropped between 0.2% and 4.4%.
Broadcom reported an explosive 48% surge in revenue and said it expects to generate more than $100 billion in annual AI semiconductor revenue by next year.
The pullback from record highs comes after Broadcom delivered a sales outlook that fell short of elevated expectations, leading to a 13% drop in its stock price yesterday.
With Broadcom's numbers looking pretty good, it was almost like comparing to everyone else.
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