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

(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…

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.

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

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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.

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

June 5 : U.S.-traded chipmakers plunged on Friday, losing over $1 trillion in market value, with deep losses in AI heavy hitters including Nvidia, Micron Technology and Advanced…

The SOX semiconductor index plunged 10.3%, erasing over $1 trillion in chip stock value as Broadcom's weak AI demand outlook hammered Micron and Marvell

The PHLX Semiconductor Index (SOX) fell 10.26% on June 5, its worst single-day drop since March 2020, wiping over $1 trillion in chip stock market value.

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US chipmakers lost $1.3 trillion in market value as the PHLX Semiconductor Index fell 10.3%, dragging crypto markets down $130 billion alongside the