Broadcom's AI Shift: Stock Dips Despite Strong Demand

Broadcoms stocks plummeted by nearly five percent in Frankfurt trading, despite exceeding Wall Streets revenue expectations. The drop is attributed to a projected decrease in profit margins due to a higher proportion of AI-related sales. Despite a substantial backlog of $73 billion, investors are concerned about the potential impact of AI on profitability.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.