Broadcom Shares Dip 0.5% Ahead of $16 Billion AI Revenue Target
Broadcom shares slipped about 0.5% to $367.83 ahead of its after-hours earnings report as investors looked for confirmation that demand for its custom AI accelerators can sustain high expectations. Second-quarter revenue rose 48% to $22.19 billion, including $10.8 billion in AI semiconductor sales, and management guided third-quarter revenue of about $29.4 billion with $16 billion from AI.