Broadcom's AI chip revenue hit $10.8bn in its second fiscal quarter, up 143% year-on-year, with full-year guidance of $56bn. The stock fell 12% after hours as semiconductor valuations already price in perpetual acceleration.
The Philadelphia Semiconductor Index extended its lead with a 6.4 percent gain on June 22, underscoring how AI infrastructure demand is overriding recent market volatility. Source
