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Broadcom's second-quarter revenue misses estimates as competition bites
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 estimates of $22.27 billion, as Broadcom races with Nvidia whose dominant graphics processing units remain the...
Broadcom's revenue misses estimates as AI chip race heats up, shares tumble
Broadcom's revenue misses estimates as AI chip race heats up, shares tumble 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 13 per cent in extended trading. Second-quarter revenue of $22.19 billion missed estimates of $22.27 billion, as Broadcom races with Nvidia whose dominant graphics processing units remain the industry...
Broadcom's sales and AI chip forecast comes in below expecations, shares tumble
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 billion, as Broadcom races with Nvidia whose dominant graphics processing units remain the industry standard for...