(Bloomberg) -- Wall Street drove a rotation out of chipmakers into several other industries after Broadcom Inc.’s underwhelming outlook tested the artificial-intelligence trade that has powered the market.

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

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