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Asia tech stocks drop after Broadcom rattles AI trade and drags Wall Street names lower
Asian technology shares fell, tracking losses in U.S. semiconductor stocks after disappointing earnings Broadcom sparked a rotation out of AI-linked names.
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straitstimes.com
Broadcom shares tumble after its AI chip forecast disappoints investors
Broadcom has been one of the biggest beneficiaries of the AI race. Read more at straitstimes.com. Read more at straitstimes.com.
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swissinfo.ch
Asian Stocks Drop After Broadcom Outlook, Oil Dips: Markets Wrap
(Bloomberg) -- Asian stocks fell alongside US equity-index futures as the AI-fueled rally that powered global equities to record highs lost momentum after a weak forecast from…
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Asian Stocks Retreat From Record on Tech, Oil Dips: Markets Wrap
(Bloomberg) -- Asian stocks fell alongside US equity-index futures as the AI-fueled rally that powered global equities to record highs lost momentum after a weak forecast from…
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Stocks Fall From Record on Broadcom Miss, Oil Dips: Markets Wrap
(Bloomberg) -- Asian stocks fell alongside US equity-index futures as the AI-fueled rally that powered global equities to record highs lost momentum after a weak forecast from…
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france24.com
Asian stocks drop on AI, rate hike worries as Lebanon deal hits oil
Asian stocks sank Thursday after a disappointing forecast by chip giant Broadcom stoked concerns about the AI trade, while stronger-than-expected US data compounded speculation…
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US Stocks Retreat as Broadcom Miss Tests AI Trade: Markets Wrap
(Bloomberg) -- US stocks fell after a disappointing outlook from Broadcom Inc. raised doubts that the blistering rally in technology shares had gone too far.
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channelnewsasia.com
Broadcom set to shed $300 billion in value as AI results fail to impress
June 4 : Broadcom shares slumped more than 14 per cent on Thursday, dragging chip peers lower, after the company's results fell short of lofty expectations around demand for its…
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Nasdaq Futures Tumble as Broadcom Tests AI Trade: Markets Wrap
(Bloomberg) -- Stocks fell after a disappointing outlook from Broadcom Inc. triggered doubts that the blistering rally in technology shares had gone too far.
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euronews.com
AI giant Broadcom sheds $300bn as outlook misses sky-high expectations
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…
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Nasdaq Futures Fall 1% as Broadcom Tests AI Trade: Markets Wrap
(Bloomberg) -- Stocks fell after a disappointing outlook from Broadcom Inc. triggered doubts that the blistering rally in technology shares had gone too far.
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benzinga.com
What Is Going On With AMD Stock On Thursday? - Advanced Micro Devices (NASDAQ:AMD)
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.
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cnbc.com
Micron, Marvell, and Broadcom lead chipmakers' premarket losses
U.S. chipmakers plunged in premarket trading after Broadcom earnings disappointed investors.
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businessday.co.za
Broadcom tumbles as AI boom fails to meet lofty expectations
Investors punish Broadcom as strong AI growth falls short of hopes
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economictimes.indiatimes.com
Broadcom set to shed $300 billion in value as AI results fail to impress - The Economic Times
Broadcom shares dropped significantly after its AI chip business results missed high expectations. This decline affected other chip companies too. Despite the setback, Broadcom's…
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US Stocks: Broadcom set to shed $300 billion in value as AI results fail to impress; shares fall 14%
The losses, if sustained, will erase more than $315 billion from the company's market value of about $2.268 trillion, in one of the biggest one-day wipeouts ever.
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Nasdaq 100 Declines as Broadcom Tests AI Trade: Markets Wrap
(Bloomberg) -- A selloff in high-flying chipmakers weighed on stocks, with Broadcom Inc.’s underwhelming outlook testing the artificial-intelligence trade that has powered the…
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Stock Rotation Hits Chipmakers as Broadcom Tumbles: Markets Wrap
(Bloomberg) -- Wall Street traders drove a rotation out of chipmakers into a broader category of companies after Broadcom Inc.’s underwhelming outlook tested the…
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investors.com
Broadcom Stock Dives As AI Chip Sales Outlook Disappoints
Broadcom stock fell Thursday after the tech giant missed Wall Street's lofty estimates with its AI chip sales targets.
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Dow Average Set for Record High as Chipmakers Sink: Markets Wrap
(Bloomberg) -- Wall Street drove a rotation out of chipmakers into several other industries after Broadcom Inc.’s underwhelming outlook tested the artificial-intelligence trade…
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cryptobriefing.com
Broadcom's AI chip forecast falls short, shares tumble over 13% wiping out $250B in market value
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.