Broadcom Stock Dives As AI Chip Sales Outlook Disappoints

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11:31 AM ET 06/04/2026

Broadcom (AVGO) stock fell Thursday after the tech giant delivered a beat-and-raise fiscal second-quarter report but missed lofty estimates with its AI chip sales targets. The Palo Alto, Calif.-based company late Wednesday forecast $16 billion in artificial intelligence chip sales for its fiscal third quarter ending Aug. 2. However, Wall Street analysts were looking for $17.2 billion. In its fiscal…