Broadcom Inc (NASDAQ:AVGO, XETRA:1YD), the American chip designer behind custom AI processors for Google, Meta and OpenAI, delivered another quarter of results that beat Wall Street's expectations.
Yet its shares slipped 0.8% in after-hours trading, a sign that investors are growing warier of even strong AI-related earnings.
The muted reaction stemmed largely from Broadcom's fourth-quarter revenue forecast of $34.8 billion, which fell short of the $35.03 billion ******* ysts had pencilled in.
For a stock that has already lagged the wider market this year, up just 6% against the S&P 500's 12% gain, that miss carried extra weight.
The scale of the AI build-out
#NASDAQ #avgo
Yet its shares slipped 0.8% in after-hours trading, a sign that investors are growing warier of even strong AI-related earnings.
The muted reaction stemmed largely from Broadcom's fourth-quarter revenue forecast of $34.8 billion, which fell short of the $35.03 billion ******* ysts had pencilled in.
For a stock that has already lagged the wider market this year, up just 6% against the S&P 500's 12% gain, that miss carried extra weight.
The scale of the AI build-out
#NASDAQ #avgo
6 days ago
