AMD stock dips 3.82% to $521.82 in premarket trading as Broadcom repeats rather than raises its AI revenue guidance, triggering short-term profit-taking.

Broadcom forecast that AI semiconductor revenue will be $16 billion in Q3, missing analyst estimates of $17.2 billion.

Broadcom's Q2 AI revenue surged 143% to $10.8 billion, but Q3 guidance of $16 billion missed Wall Street's $17.2 billion estimate, sparking an 11-13% stock

The American chipmaker Broadcom reported a 48% revenue surge and AI semiconductor sales up 143%, but its refusal to raise its long-term sales target sent shares tumbling more than…

AMD stock dips 3.82% to $521.82 in premarket trading as Broadcom repeats rather than raises its AI revenue guidance, triggering short-term profit-taking.

Micron stock dips in premarket trading as Broadcom's AI outlook sparks profit-taking across the semiconductor sector.

Investors punish Broadcom as strong AI growth falls short of hopes

Broadcom stock fell Thursday after the tech giant missed Wall Street's lofty estimates with its AI chip sales targets.

Broadcom's AI chip revenue surged 143% YoY to $10.8B, but its Q3 forecast of $16B missed estimates, triggering a 13%+ stock drop and $250B in lost value.

After two-week rally, investors wipe $285bn from Broadcom market capitalisation amid sky-high AI chip expectations

AI chip stocks lost $1.3 trillion in value as Nvidia, AMD and Micron plunged amid Broadcom concerns and fading hopes of US rate cuts.

Advanced Micro Devices (AMD) suffered its sharpest one-day decline in months, with the stock falling about 11% on Friday. The drop came just day...