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Broadcom Outlook Disappoints

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Broadcom Outlook Disappoints Investors Seeking AI-Fueled Blowout

Signage at the Broadcom Inc. headquarters in San Jose, California, US, on Monday, June 2, 2025. Broadcom Inc. is scheduled to release earnings figures on June 5.

Bloomberg Technology 7d ago

Broadcom Sinks After Disappointing AI Chip Outlook

Broadcom shares fall in biggest drop since January 2025, after the chipmaker gave an outlook that was seen as underwhelming given the industry’s AI-related demand. Bloomberg's Mandeep Singh joined to discuss.

Bloomberg Technology 6d ago

Oil drops, stocks mostly higher despite AI concerns

Oil drops, stocks mostly higher despite AI concerns NEW YORK: Oil prices and the dollar retreated on Thursday (Jun 4) as traders tracked conflicting developments in the Middle East war, while equity markets mostly rose despite a disappointing outlook from US chipmaker Broadcom weighing upon AI stocks. Iran reported "no tangible progress" in negotiations on ending the war, even as the US House of Representatives passed a resolution seeking to halt American military action. Israel, meanwhile,...

Channel News Asia 6d ago

Oil drops, stocks mostly higher despite AI concerns

Oil drops, stocks mostly higher despite AI concerns NEW YORK: Oil prices and the dollar retreated Thursday (Jun 4) as traders tracked conflicting developments in the Middle East war, while equity markets mostly rose despite a disappointing outlook from US chipmaker Broadcom weighing upon AI stocks. Iran reported "no tangible progress" in negotiations on ending the war, even as the US House of Representatives passed a resolution seeking to halt American military action. Israel meanwhile...

Channel News Asia 6d ago

Here are 3 forces that drove a whirlwind week for the stock market

An avalanche of selling on Friday crushed the stock market, a dramatic reversal from record highs earlier in the week. Chip stocks nosedived in the final trading session of last week. There were pockets of weakness in tech ever since Club name Broadcom disappointed on earnings.

CNBC 4d ago

Broadcom tumbles as revenue miss clouds AI boom bets

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 $418.83, if losses hold. Broadcom vies with Nvidia, whose graphics processors remain the gold standard for AI workloads, underscoring...

Channel News Asia 6d ago

Seoul leads steep Asian losses as AI-led tech rally hits wall

Seoul leads steep Asian losses as AI-led tech rally hits wall HONG KONG: Seoul's Kospi stock index dived more than eight per cent to lead a rout across Asia on Monday (Jun 8) as tech firms were hammered and strong US jobs data fuelled bets on a Federal Reserve interest rate hike. News that Iran and Israel had struck each other sparked worries about an escalation of the Middle East crisis, adding to the gloomy mood on trading floors and sending oil prices surging more than three per cent.

Channel News Asia 2d ago

Jim Cramer says Thursday's rally shows investors' 'huge appetite' for stocks

CNBC's Jim Cramer said Thursday's rally showed investors remain resilient and eager to buy stocks. "This market has a huge appetite," the "Mad Money" host said. "One that could shrug off a bear…and still be hungry for more."

CNBC 6d ago