Broadcom CEO unnerves biggest AI backers in rattling pivot (opens in new tab)

Broadcom (AVGO) just posted the kind of quarter most chipmakers can only dream about. Record revenue, AI sales up triple digits, and a growing roster of marquee customers. Then the stock fell. Shares of Broadcom dropped 12.59% on June 4 to close at $418.91, the steepest one-day fall in over a year. ...