On September 3, Broadcom (AVGO.O) provided a revenue forecast for the fourth quarter, projecting $34.8 billion—a figure that fell short of the average analyst expectation of $35.1 billion, with certain estimates even surpassing $36 billion. This indicates that Broadcom may not be able to capitalize on the AI boom to the extent the market had anticipated. Earlier, Nvidia’s robust earnings outlook had further heightened market expectations for AI chip demand. Broadcom is striving to challenge Nvidia’s dominance in the AI processor market by offering customized AI chips and has secured some major clients. However, this business segment is still in its nascent stages. Meanwhile, Broadcom is also encountering competition from rivals like Marvell Technology and MediaTek, both of which are backed by Nvidia. Consequently, Broadcom’s U.S.-listed shares plummeted by approximately 6% in after-hours trading.