Broadcom Stock Drops Despite AI Chip Boom
Friday, Jun 6, 2025 5:26 am ET1min read
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Broadcom 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 GoogleGOOG-- 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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