Investors tanked Broadcom's (AVGO) market cap by almost 223 billion ($300 billion) in one sweep on Thursday as traders remained bullish.
Thursday's premarket trading saw Broadcom shares drop by over 12 per cent, reflecting investors' sentiment toward Broadcom's decision to keep its fiscal 2027 AI revenue target unadjusted. Arguing that the AI chipmaker's £74.3 billion ($100 billion) sales forecast was conservative at best, stock analysts went the other route and raised their price targets.
