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.

Broadcom's AI chip sales are growing rapidly, with a projected $40 billion in revenue this fiscal year and a $73 billion backlog.

June 3 : Broadcom missed Wall Street expectations for second-quarter revenue on Wednesday, as increased competition in the custom semiconductor market hurt gains from its AI…