Broadcom Stock Drops Despite AI Chip Boom
StockSavvyFriday, Jun 6, 2025 5:26 am ET
1min readBroadcom Inc. fell 3.67% in premarket trading. The company has seen strong demand for its custom AI and networking chips, which form the backbone of artificial intelligence infrastructure. Many companies such as Google have reaffirmed their investments for the year on expanding AI infrastructure, underscoring strong demand for its custom chips. However, the market responded with a shrug to Broadcom's revenue projection of $15.80 billion for the third quarter, which was just a sliver above the $15.71 billion consensus.
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