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The Economic Times
The Economic Times
Technology

Broadcom set to shed $300 billion in value as AI results fail to impress

Broadcom Marvell Nvidia

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 premarket 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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