Broadcom Reports Strong Q2 Earnings but Misses AI Sales Guidance
Broadcom reported strong second-quarter earnings with revenue rising 48% to $22.19 billion and EPS of $2.44, exceeding expectations. However, the company projected lower-than-expected third-quarter AI chip sales at $16 billion versus analysts' forecast of $17.2 billion, leading to a more than 12% drop in after-hours trading.
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Topics: Artificial Intelligence (AI) Semiconductors Stock Performance