Broadcom stock drops on Q4 guidance miss even as AI semiconductor revenue triples Broadcom Inc (NAS...

Broadcom stock drops on Q4 guidance miss even as AI semiconductor revenue triples Broadcom Inc (NASDAQ:AVGO, XETRA:1YD) shares fell more than 6% after the company's fiscal fourth-quarter revenue guidance fell short of Wall Street expectations, overshadowing a third-quarter earnings beat driven by surging demand for its custom AI chips. The company guided to fourth-quarter revenue of approximately $34.8 billion, below the $35.03 billion analysts had projected, sending shares lower despite otherwise strong results.