TechCNBC Tech2 days ago
Broadcom stock slips on disappointing software revenue
1 min read
Broadcom reports software revenue below Wall Street estimates. The company's fiscal second-quarter revenue rose 48% to $29.4 billion, exceeding $28.53 billion expected. AI revenue climbed 108% to $10.8 billion, with CEO Hock Tan citing custom AI chips and networking components. Broadcom's stock dropped in extended trading after missing software revenue forecasts.
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