Broadcom set to shed US$300-billion in value as AI results fail to impress
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Broadcom set to shed US$300-billion in value as AI results fail to impress
REUTERS
PUBLISHED JUNE 4, 2026
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Broadcom (AVGO-Q +1.14%
increase
) shares slumped more than 14 per cent 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 US$315 billion from the company’s market value of about US$2.268 trillion, in one …
Read full article at The Globe and Mail ↗
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