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Broadcom shares drop as revenue forecast fails to impress
Gulf Today
|June 07, 2025
Broadcom shares fell nearly 4 per cent in premarket trading on Friday, after the company’s third-quarter revenue forecast failed to impress investors who have been extremely bullish on chip stocks amid an artificial intelligence boom.
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The Palo Alto, California-based company, which supplies semiconductors to Apple and Samsung, provides advanced networking gear that allows vast amounts of data to travel across Al data centers, making its chips crucial for the development of generative Al technology.
Diese Geschichte stammt aus der June 07, 2025-Ausgabe von Gulf Today.
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