Broadcom shares drop after AI-driven earnings beat but guidance tops not meet
TL;DR Summary
Broadcom beat on Q3 earnings and revenue, helped by booming AI demand (AI semiconductor revenue up 221% YoY to $16.7B), but management's guidance for the current quarter of about $34.8B fell short of analysts’ expectations around $35.05B, sending AVGO down roughly 4% after the results.
- Broadcom stock falls as chipmaker's strong results 'not enough to keep investors happy' Yahoo Finance
- Broadcom Sees $230B In AI Revenue By 2028, Driven By 'Geniuses' OpenAI, Anthropic: Analyst Says Some Risks Remain Unresolved Yahoo Finance
- Broadcom delivers strong earnings view as CEO touts growth with AI labs CNBC
- Broadcom Slides After AI Chip Forecast Underwhelms Investors Bloomberg.com
- Broadcom Third-Quarter Profit Soars on Growing Custom Chip Demand WSJ
Reading Insights
Total Reads
1
Unique Readers
18
Time Saved
18 min
vs 19 min read
Condensed
99%
3,681 → 45 words
Want the full story? Read the original article
Read on Yahoo Finance