Broadcom shares slumped more than 14% on Thursday, dragging chip peers lower, after the company’s results fell short of lofty expectations around demand for its custom AI chips business.
The losses, if sustained, will erase more than $315 billion from the company’s market value of about $2.268 trillion, in one of the biggest one-day wipeouts ever.
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After years of treading water, its stock has jumped more than eightfold s… [2818 chars]
Source: Reuters | Published: 2026-06-04T08:51:34Z
Credit: Reuters
