Broadcom beat earnings and lost 14% anyway Broadcom posted Q2 revenue of $22.19B and EPS of $2.44, both beating estimates, with AI semiconductor revenue up 143% year over year. Shares still fell 12-14% Thursday after Q3 AI chip guidance came in at $16B versus the $17.2B Wall Street had penciled in. CEO Hock Tan reiterated the >$100B FY2027 AI revenue target but did not raise the full-year forecast. The miss triggered Friday's chip rout: Marvell -16%, Micron -13%, AMD and Intel each -11%.
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