By Jeff Remsburg
Publication Date: 2026-06-04 21:00:00
One tech giant. One brokerage. One infrastructure empire. All saying the same thing about AI right now.
Listen to the audio version of this article (generated by AI).
AVGO rattles Wall Street… Alphabet’s $80 billion proof point… AI just entered your brokerage account… why the smart money is betting $50 billion on the AI backbone …
As I write Thursday morning, chip stocks are selling off, pulling the AI complex down alongside it.
The culprit: Broadcom (AVGO) reported earnings last night that were, by any objective measure, extraordinary. AI semiconductor revenues climbed 143% year over year, and Q3 guidance calls for $29.4 billion in revenue.
And yet Wall Street is hammering the stock, down 13% as I write.
Why?
Mostly because Broadcom didn’t raise its full-year AI chip guidance. CEO Hock Tan reiterated the existing forecast rather than upgrading it.
Beyond that, the software segment results were light. And Tan said Broadcom would offer…