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✉news TechnologySemiconductors first seen 5 h ago, last 1 h ago, peak #23

Broadcom lifts AI revenue forecast despite stock slump

Original: Broadcom raises AI sales forecast as stock lingers 29% below its high

Broadcom has raised its artificial intelligence sales forecast, signaling continued strong demand for its custom AI chips from major cloud customers. Despite the upbeat outlook, the company's shares remain about 29% below their all-time high, reflecting investor concerns about valuation, competition, and the pace of AI spending across the semiconductor sector.

Why now: Investors are weighing Broadcom's growing AI business against its sharply reduced share price.

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