<div id="readability-page-1"><div><p>Shares of Broadcom Inc. (AVGO.US)<span> </span>  <span> </span>   plunged nearly 14% in after-hours trading to USD413.45, as the market was disappointed by the companys AI chip revenue outlook. For its second fiscal quarter ended May 3, Broadcom reported revenue rising 48% YoY to USD22.187 billion, compared with analysts average estimate of USD22.1 billion. Non-GAAP diluted EPS increased to USD2.44, above the prior consensus of USD2.39.</p><p>In the previous quarter, Broadcoms AI semiconductor revenue surged 143% YoY to USD10.8 billion, exceeding the earlier average estimate of USD10.7 billion. The company said it expects AI semiconductor revenue of USD16 billion for the third fiscal quarter, below market expectations of USD17.2 billion. For the full year, AI semiconductor sales are projected to reach USD56 billion, lower than the previous average estimate of USD57.6 billion.</p><p>Broadcom has begun delivering chips to OpenAI and expects to commence production later this year. The company has signed a contract with OpenAI to deploy 1.3 gigawatts of capacity in 2027. In addition, it will deploy 3 gigawatts of computing capacity for Meta Platforms, Inc. (META.US)<span> </span>  <span> </span>   by the end of 2028, with the first 1 gigawatt scheduled for delivery starting in 2H26. (mn/j)(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)</p></div></div>

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<p>Broadcom shares plunged nearly 14% in after-hours trading as its AI semiconductor revenue forecast missed expectations. While Q2 revenue and EPS beat estimates, the company projected lower AI chip sales for Q3 and FY25 compared to market consensus. Broadcom also announced contracts with OpenAI and Meta for future computing capacity deployments.</p>

- Broadcom Inc. (AVGO.US) shares fell nearly 14% in after-hours trading to USD413.45 due to disappointing AI chip revenue forecasts.  
- For Q2, the company reported a 48% YoY revenue increase to USD22.187 billion, exceeding analyst estimates, but projected AI semiconductor revenue for Q3 at USD16 billion, below expectations.  
- Broadcom has secured contracts with OpenAI and Meta Platforms, planning to deploy significant computing capacities by 2028.

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Broadcom Inc.  Plunges 14% After Hours as FY AI Semiconductor Revenue Forecast Misses Expectations