Broadcom sheds $300 billion in market value after AI outlook disappoints (opens in new tab)

Broadcom shares fell sharply after the U.S. chipmaker’s fiscal second-quarter report missed investors’ expectations for a larger artificial-intelligence forecast, erasing more than $300 billion in market value in after-hours trading, according to the Financial Times and Euronews. The company posted record quarterly revenue of about $22.2 billion, up 48% from a year earlier, and adjusted earnings per share of $2.44, while AI semiconductor sales rose 143%. The selloff followed a rally that had ...