The decline mirrored Broadcom’s movement in U.S. after-hours trading, News.Az reports, citing Reuters.
The company has aggressively entered the AI chip market, raising investor concerns about the profitability and costs of its large-scale investments.
CEO Hock Tan stated on a post-earnings call that Broadcom has a backlog of $73 billion expected to be shipped over the next 18 months, though his team cautioned that profit margins may decrease.
