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Broadcom Slides Over 10% Despite Revenue Beat and 48% Growth; AI Guidance Disappoints

Stocks AI Industry News

2026-06-04 08:02:45

Broadcom shares fell over 10% in premarket trading on June 4 following the company's latest earnings report. The chipmaker posted revenue that exceeded expectations and grew 48% quarter-over-quarter to hit a record high. However, the stock's decline was attributed to weaker-than-anticipated guidance for artificial intelligence revenues, signaling investor concerns about the pace of AI-driven demand going forward.

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