Saturday, September 7, 2024

Broadcom shares slump as revenue target disappoints investors hoping for big AI boost

Broadcom posted big declines in revenues from its broadband and non-AI networking divisions on Thursday, while a hike in its forecast for AI chip sales failed to impress growth-hungry investors who have driven a more than 35% increase in its shares so far this year.

from Tech-Economic Times https://ift.tt/7IQZ9kd

No comments:

Post a Comment

Rare earth shortage hits electronic component companies

While applications under the scheme have surged past 110 now, at least 10 firms have sounded out worries at a time when the industry is keen...