AITheStreet4 days ago
Broadcom CEO unnerves biggest AI backers in rattling pivot
4 min read
Broadcom posted record revenue and triple-digit AI sales growth, yet shares fell 12.59% on June 4 and dropped 18.64% across five trading days. CEO Hock Tan unnerved investors by not raising the AI forecast as expected, triggering the steepest one-day decline in over a year.
Level
Hype check
Tap to vote and see what everyone thinks.
