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Euronews
Euronews
Quirino Mealha

AI giant Broadcom sheds $300bn in market value as outlook misses sky-high expectations

Broadcom Hock Tan Semiconductor

Broadcom's second-quarter results were, by almost any standard measure, exceptional.

Revenue climbed 48% year-on-year to a record $22.2 billion (€19.1bn), AI chip sales more than doubled, and adjusted earnings per share rose 54% to $2.44, comfortably beating consensus estimates.

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