Broadcom slips after robust AI-driven results, as outlook undershoots

Broadcom’s stock fell after a Q3 earnings and revenue beat driven by strong AI-related demand, including AI semiconductor revenue of $16.7B (up 221% YoY). The company posted adjusted EPS of $3.32 vs $3.23 expected and revenue of $29.6B, up 86% YoY. However, fiscal Q4 revenue guidance of about $34.8B came in below consensus (~$35.05B), prompting investors to push the stock lower despite the strong results. CEO Hock Tan highlighted robust AI demand, while Broadcom remains a key data-center player but trades mixed with Nvidia on the AI upgrade cycle.