Broadcom Experiences Steepest Decline in Stock Value Since 2020 Due to Sluggish Chip Sales
Broadcom Inc., a major chip supplier for tech giants like Apple Inc., experienced a significant drop in its stock value following disappointing revenue results in its semiconductor business. Despite strong demand for artificial intelligence (AI) products, the company fell short of analyst expectations with semiconductor revenue reaching $7.39 billion in the first fiscal quarter, lower … Read more