The Philadelphia Semiconductor Index dropped 2% after Broadcom's AI chip revenue forecast missed Wall Street estimates by $1.2 billion despite record Q2

Sharp rally unwinds as profit-taking, stake cuts and IPO pipeline pressure sentiment

The Philadelphia semiconductor index, known as SOX, hit a record high as AMD, Marvell and other chip stocks rose.

June 3 : Chipmaker Broadcom missed Wall Street expectations for second-quarter revenue on Wednesday and its top executive left a previous 2027 sales forecast unchanged, sending…

(Corrects typo in headline)By Anhata Rooprai, Zaheer Kachwala and Stephen NellisJune 3 : Chipmaker Broadcom missed Wall Street expectations for second-quarter revenue on Wednesday…

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…

Broadcom reported fiscal second-quarter results on Wednesday and missed estimates for revenue.

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

Broadcom revenue miss stuns Wall Street, and its stock sinks after-hours - SiliconANGLE

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

Broadcom posted record $22.19B revenue and 143% AI chip growth, but shares dropped 4% after hours as investors sold the news on 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…

AI semiconductor sales hit $10.8 billion in the quarter, up 143% year over year, but shares fell on an underwhelming AI chip forecast

Investors punish Broadcom as strong AI growth falls short of hopes

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…

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.

(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…

(Bloomberg) -- Wall Street traders drove a rotation out of chipmakers into a broader category of companies after Broadcom Inc.’s underwhelming outlook tested the…

Broadcom shares fell over 13% after fiscal Q2 revenue of $22.19B missed estimates despite 143% AI chip revenue growth. Guidance disappointed Wall Street.

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