Broadcom forecasts lukewarm quarterly revenue despite AI chip surge, shares fall
By Zaheer Kachwala (Reuters) -Chipmaker Broadcom forecast fourth-quarter revenue slightly below Wall Street expectations on Thursday, hurt by sluggish spending in its broadband segment. Despite a sharp rise in orders for its artificial intelligence chips, shares fell nearly 5% in extended trading. California-based Broadcom expects revenue of around $14 billion, while analysts polled by LSEG...
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