Broadcom shares declined following the release of financial results and guidance that fell short of market expectations regarding its artificial intelligence chip business. The company reported lower-than-anticipated demand forecasts for its custom AI accelerators, citing supply chain constraints and shifting customer requirements. This outlook contributed to a decrease in the company's stock price during after-hours trading. Broadcom did not provide specific revenue projections for the AI segment but noted that future performance will depend on the resolution of manufacturing bottlenecks and the timeline for next-generation product deliveries.

Source: Bloomberg Generated at: 2026-06-04 19:09:54 UTC