U.S. chipmakers plunged in premarket trading after Broadcom earnings disappointed investors.

Broadcom has been one of the biggest beneficiaries of the AI race. Read more at straitstimes.com. Read more at straitstimes.com.

(Bloomberg) -- US stocks fell after a disappointing outlook from Broadcom Inc. raised doubts that the blistering rally in technology shares had gone too far.

Investors punish Broadcom as strong AI growth falls short of hopes

The S&P 500 and the Nasdaq dropped at the open on Thursday, as Broadcom's revenue miss pressured chip stocks, while equity investors took a breather after a strong rally…