ChipsAxios Techabout 2 hours ago
Broadcom CEO Warns Investors of AI Risks
2 min read
Broadcom CEO Hock Tan told investors in Singapore on Monday that many companies cannot find a return on investment in AI, calling it a waste of money. This blunt comment from a top chipmaker caused Broadcom stock to fall 6.7% Tuesday, adding to a weak sector performance where chip stocks slipped 0.2% for the fifth consecutive day.
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