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🏭 Broadcom guided short, the SOX had its worst day since March 2020, and the miss may say more about the custom silicon cycle than about AI demand
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🏭 Broadcom guided short, the SOX had its worst day since March 2020, and the miss may say more about the custom silicon cycle than about AI demand

Macro Soup Newsroom Macro Soup Newsroom 3 min read

Broadcom guided Q3 AI chip revenue to $16.0bn against a $17.2bn consensus; the SOX fell 10.3% on June 5 and erased $1.3tn in market value. The miss may say less about AI demand than about where hyperscaler custom silicon programs are in their cycle.

Broadcom CEO Hock Tan in a dark suit speaking at an event with MediaTek, Marvell, and Nvidia logos visible.
Broadcom CEO Hock Tan expressed confidence in sustained AI infrastructure demand as the sector digested mixed guidance signals. Source

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