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

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