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Broadcom Enters Key Earnings Test With $60 Billion AI Backlog

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Broadcom heads into its Sept. 2 earnings report with a $60 billion AI bookings backlog and a pipeline growing beyond $30 billion entering fiscal Q3. Management is guiding AI semiconductor revenue to $16 billion for the period. The bar is high after a fiscal Q2 beat preceded a 12.6% selloff tied to not raising its 2027 AI target, while fiscal Q2 revenue rose to $22.2 billion and AI semiconductor revenue surged to $10.8 billion.

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