Broadcom shares fall about 5% after AI revenue jumps 221%
Broadcom NASDAQ:AVGO shares fell about 5% after the chipmaker posted AI semiconductor sales of $16.7 billion in the latest quarter, up 221% from a year earlier, as investors focused on future expectations.
Broadcom NASDAQ:AVGO shares fell about 5% after the chipmaker posted another sharp increase in artificial-intelligence revenue, with the market appearing to focus more on future expectations than current growth.AI semiconductor sales reached $16.7 billion in the latest quarter, up 221% from a year…