Broadcom's stock fell 12.99% after its Q2 earnings report showed earnings per share of $2.44, beating estimates, but revenue of $22.19 billion fell short of the expected $22.27 billion. The CEO's initial mistake during the earnings call added to investor concerns. Additionally, Broadcom maintained its semiconductor revenue guidance at $100 billion, missing market hopes for an increase amid the AI boom. Despite strong stock gains earlier in 2026, the mixed results and cautious outlook triggered the sharp sell-off.
Deutsche Bank increased its price target for Broadcom from $430 to $515 following strong earnings and optimistic AI revenue forecasts, expecting AI revenue to reach $125 billion in fiscal 2027 and $190 billion in 2028. Jefferies also raised its targe...
Broadcom's recent Q2 earnings revealed that while AI capital expenditure returns align roughly with market expectations, increased scrutiny on AI budgets could slow Broadcom's growth pace. However, rising demand for custom AI accelerators and network...
The FTSE 100 fell 53 points to 10,297 amid mixed market signals, including Broadcom's 13% drop after its AI chip revenue outlook disappointed investors despite record earnings. CMC Markets surged to a five-year high after reporting a 20% profit incre...
Broadcom Inc. reported a 143% year-over-year surge in AI semiconductor revenue to $10.8 billion, showcasing strong margins and free cash flow. However, the stock fell after the company’s guidance of $16 billion for the next quarter fell short of bull...
Broadcom reported impressive Q2 results, with revenue up 48% and net income rising 54%, surpassing analyst expectations. The company's AI semiconductor revenue soared 143% year-over-year, and it projects an even stronger 200% growth for Q3, highlight...
