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Broadcom's Conservative Revenue Guidance for Current Fiscal Quarter Pulls Shares Down in After-Hours Trading
2 week ago /
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Author：小编
Broadcom's financial report unveiled a cautious revenue forecast for the ongoing fiscal quarter, indicating that spending on artificial intelligence (AI) computing power has undershot certain investors' anticipations. The semiconductor giant, which supplies chips to companies such as Google's parent Alphabet and Apple, projects revenue of approximately $15.8 billion for the fiscal quarter concluding on August 3. This figure slightly exceeds analysts' consensus estimate of $15.7 billion but falls approximately $1 billion short of some analysts' optimistic projections. Consequently, Broadcom's shares declined by about 3% in after-hours trading, following a Thursday closing price of $259.93, which marked a 12% increase for the year.
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