Broadcom Reports Record Revenue Driven by AI Chip Demand but Misses Buyside Guidance
Broadcom reported record second-quarter revenue of $22.19 billion, driven by strong demand for custom AI accelerators and networking solutions. However, shares fell in after-hours trading as the company's third-quarter guidance came below some investor expectations despite outperforming analyst forecasts.
Tickers: $AVGO
Topics: AI chips guidance revenue growth semiconductors