Broadcom shares fell sharply after the company issued a disappointing outlook for its AI chip sales, signaling slower-than-expected growth in a key revenue driver. The semiconductor firm's forecast fe…
Broadcom reported fiscal second-quarter 2026 revenue of $22.19B, missing analyst estimates of $22.27B, despite a 143% surge in AI chip sales to $10.8B. Shares dropped over 13% in extended trading on J…
TSMC CEO C.C. Wei told shareholders on June 4 that global chip supply will lag behind AI-driven demand for years, with advanced-node capacity sold out through at least 2027. The world's largest chipma…
Micron and Sandisk shares fell more than 6% on Thursday after Broadcom's disappointing results dragged down the AI sector, while a Reuters report that SK Hynix received strong investor backing for its…
Broadcom’s failure to raise its AI revenue target for fiscal 2027 triggered a 12% premarket stock drop, dragging down the broader AI complex and major indices. The semiconductor company’s full-year gu…
SpaceX's amended IPO filing includes language suggesting the company may issue equity for future transactions, signaling a potential merger with Tesla. The IPO also reserves 5% of shares—worth $3.75 b…
Broadcom lost over $250 billion in market value after its third-quarter fiscal 2026 revenue forecast of approximately $29.4 billion, an 84% year-over-year increase, fell short of Wall Street's elevate…
Broadcom CEO Hock Tan announced during the company’s Q2 fiscal 2026 earnings call that order visibility now extends to 2028, driven by $30 billion in quarterly AI semiconductor bookings. The chipmaker…
Broadcom CEO Hock Tan confirmed the chipmaker plans to ship 10 gigawatts of AI compute capacity to six major customers by 2027, projecting AI chip revenue exceeding $100 billion — a fivefold increase …
Broadcom shares fell 4% in after-hours trading Thursday despite reporting record fiscal second-quarter revenue of $22.19 billion, a 48% year-over-year increase that beat analyst estimates. AI semicond…
Broadcom's stock dropped 11% in after-hours trading after the chipmaker issued fiscal Q3 AI revenue guidance of $16 billion, falling roughly $1.2 billion short of Wall Street's $17.2 billion consensus…
Broadcom Inc. shares fell after the company's artificial intelligence chip revenue outlook failed to meet investor expectations, raising concerns about slowing growth in the sector. The semiconductor …
Broadcom reported fiscal Q2 2026 revenue of $22.2 billion, a 48% increase year-over-year, driven by AI semiconductor revenue that surged 143% to $10.8 billion. The company guided for approximately $29…
Broadcom shares fell in trading despite the company reporting quarterly earnings and revenue that exceeded analyst expectations, driven by strong demand for its AI-related chips. The company also rais…
Broadcom reported second-quarter earnings of $2.44 per share on revenue of $22.19 billion, exceeding analyst expectations of $2.40 per share and $22.13 billion, respectively. The company also issued t…
The US technology sector has surged 42% in two months, marking its biggest rally in 24 years, driven by artificial intelligence and semiconductor stocks. The Philadelphia Semiconductor Index gained ov…
Anthropic has invited approximately 150 additional organizations to Project Glasswing, expanding access to its Claude Mythos frontier model preview. The new invitees include public utilities, telecom …
Alphabet announced an $80 billion equity raise, including a $10 billion investment from Berkshire Hathaway, to fund AI infrastructure and data center expansion. The move signals that major tech firms …
Dow Jones futures slid in after-hours trading Monday, with Broadcom, Micron, Nvidia, Sandisk, and Tesla emerging as major movers. AI stock Credo plunged following its earnings report.…
The U.S. economy is expected to add 93K jobs in May with unemployment holding at 4.3%, according to economists ahead of this week's nonfarm payrolls report. Broadcom, CrowdStrike, Hewlett Packard Ente…