Watch Desk posted an update
Broadcom shares have fallen 35% from their all-time high, even as its AI chip business continues to grow sharply. The stock ended the week at $328, its lowest level since April, according to Benzinga.
Why it mattersThe practical tension is in the numbers: Broadcom reported more than $10.8 billion in AI semiconductor revenue for its second quarter, up 143% year on year, and expects more than $16 billion in the third. Investors are weighing that growth against fears of an AI spending bubble.
Discuss: Is the sell-off a sensible warning about concentrated AI bets, or a market overreacting to the same growth it says it wants?
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