Broadcom's AI Revenue Surge Fails to Offset Investor Disappointment
Despite a forecasted $12 billion in AI sales, Broadcom's broader revenue outlook and unexpected quarterly loss led to a significant stock decline.
- Broadcom reported $13 billion in Q3 revenue, slightly beating expectations.
- The company forecasted Q4 revenue of $14 billion, below analyst estimates.
- Broadcom's AI chip sales are expected to reach $12 billion for fiscal 2024.
- Non-AI segments showed sluggish growth, contributing to investor concerns.
- Shares fell nearly 10% as the company posted a $1.88 billion net loss.
Investopedia 
CNA 
The Register 
Investor's Business Daily 
CNBC 