Broadcom AI Revenue Soars to $10.8B Amid Share Decline

Broadcom reports 48% year-over-year revenue growth to $22.19 billion with AI semiconductor revenue surging 143% to $10.8 billion and projected to reach $56 billion this fiscal year before hitting $100 billion in 2027. Adjusted EPS rises 54% to $2.44, exceeding analyst expectations of $2.40. Semiconductor gross margin remains at 70% despite falling software segment growth. Shares fall despite strong AI performance, citing lack of revenue target increase.