From Yahoo Finance: 2025-06-06 05:42:00

Broadcom shares dropped over 3% after a disappointing third-quarter revenue forecast. The company’s chips are crucial for AI development, with a forecast of $15.80 billion for Q3, slightly above analysts’ estimates. Broadcom faces competition from Nvidia in custom AI processors. Global chipmakers are affected by Trump’s trade policies. Marvell Technology also forecasts strong demand for AI chips. Broadcom’s valuation hit $1 trillion in December. Its shares have risen 12% this year, with a forward P/E ratio of 35.36 compared to Marvell’s 20.63.



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