The chipmaker reported second-quarter revenue and profits on Thursday that exceeded analysts' estimates. Shares still fell on the results.

Qualcomm CEO Cristiano Amon says diversifying away from Apple business will remain a top priority.

Wall Street investment banks remain optimistic on Broadcom, expecting the company to post strong results due to growth in its artificial intelligence business.

Broadcom’s artificial intelligence business is at the center of the company’s recent boom.

Expectations were high coming into Thursday's earnings release, so the stock's pullback is hardly a surprise.

The chipmaker reported second-quarter revenue and profits on Thursday that exceeded analysts' estimates. Shares still fell on the results.