By Ty Roush
Publication Date: 2025-12-12 16:33:00
Topline
Broadcom’s shares plummeted by more than 10% Friday despite the chipmaker reporting quarterly revenue and earnings that surpassed Wall Street’s expectations, after CEO Hock Tan provided an outlook for AI sales that appeared to disappoint analysts.
Investors pulled back from the chip firm despite beating Wall Street’s expectations for quarterly earnings and revenue.
Copyright 2017 The Associated Press. All rights reserved.
Key Facts
Shares of Broadcom declined by 10.5% to around $363.70 as of Friday morning, pacing what would be the largest single-day drop for the stock since a 17.4% rout in January.
Broadcom on Thursday reported quarterly earnings per share of $6.82 and revenue of $63.8 billion, above economists’ estimates of $6.75 and $63.4 billion, respectively, according to FactSet.
A rout in Broadcom’s shares appeared to follow estimates from Tan, who said during an earnings call the company had a backlog of $73 billion in AI product orders that would be shipped…
