Broadcom slips after strong earnings but soft guidance spooks investors

Broadcom beat on the quarter’s earnings and revenue, with adjusted EPS of $3.32 on $29.6B in revenue and AI semiconductor sales of $16.7B (up 221% YoY). But it guided for $34.8B in revenue for the current quarter, shy of the $35.05B consensus, sending shares down about 4% after hours. CEO Hock Tan touted robust demand for AI accelerators and data-center networking, but investors remain wary of the stock’s AI exposure. The name is up roughly 6% year-to-date, still lagging Nvidia’s double-digit gains.