Broadcom fell $100 due to market overreaction to FY27 AI semiconductor revenue guidance. The company reported FQ2 sales surged 48% to $22B, with AI semiconductor sales surging 143% to $10.8B. Management reiterated FY27 AI semiconductor revenue guidance of $100B+ causing the panic due to the potential upside toward $200B based on 10 GW shipment targets.
Broadcom: Slight Crack In AI Story Overblown
Source: Seeking Alpha