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Broadcom Slides by Most in More Than a Year on AI Outlook Miss
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-Mandeep Singh, Global Tech Research Head at Bloomberg Intelligence, discusses Broadcom’s outlook. Broadcom Inc. shares plunged after the company’s forecast for sales of its artificial intelligence chips disappointed investors. AI semiconductor revenue will be $16 billion in the fiscal third quarter, falling well below analysts’ expectations of $17.2 billion on average.
-Bailey Lipschultz, Bloomberg News Senior Equities Reporter, discusses…
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