Broadcom Stock Drops Over 15% Due to Disappointing AI Chip Forecast

Broadcom (AVGO) stock fell more than 15%, its largest one-day decline since January 2025, after the company's third-quarter AI chip sales forecast missed analyst expectations. Despite strong overall revenue and earnings per share results, the lack of an upward revision to full-year AI semiconductor guidance disappointed investors.

By Ines Ferré · Senior Business Reporter Updated Thu, June 4, 2026 at 4:49 PM GMT+3 2 min read · Yahoo Finance · June 4, 2026, 13:49 UTC

Tickers: $AVGO $GOOGL $META

Topics: AI Chips Earnings Report Semiconductors Stock Movement

Read the full article at Yahoo Finance

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