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HomeBusinessBroadcom's revenue misses estimates as AI chip race heats up, shares tumble

Broadcom’s revenue misses estimates as AI chip race heats up, shares tumble

June 3: Broadcom missed Wall Street expectations for second-quarter revenue on Wednesday, as increased competition in the custom semiconductor market hurt gains from its AI chips, sending its shares down more than 13 per cent in extended trading. Second-quarter revenue of $22. 19 billion missed estimates of $2

Read full story on Channel Newsasia

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