Broadcom beat estimates for its fiscal third quarter and with its guidance for the current period. But Broadcom stock fell.

Broadcom's September 2 earnings report must deliver on ambitious AI semiconductor targets after a 12-13% post-Q2 sell-off despite record revenue.

Broadcom lost $520B in market cap after Q3 AI revenue guidance of $16B missed analyst estimates of $17.2B, sending AVGO down over 20% from its