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Broadcom shares slump as revenue target disappoints investors hoping for big AI boost

Retrieved on: 2024-09-06 20:14:09

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Broadcom shares slump as revenue target disappoints investors hoping for big AI boost. View article details on hiswai:

Summary

Broadcom's shares fell 10% due to a tepid revenue forecast despite increased AI chip sales, reflecting high investor expectations for AI chips (Key Concept). This impacts Fabless semiconductor companies including Nvidia, Intel, AMD, and Big Tech (Tags).

Article found on: www.channelnewsasia.com

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