AVGO

<p>Broadcom stated that it currently has an AI product order backlog of $73 billion, which will be delivered over the next six quarters. This figure disappointed some investors, although Chen Fuyang later clarified that this number is a "minimum value" and expects more orders to come in. However, after the earnings call, the stock price turned down, with a decline of more than 5%. Regarding the market debate on "customers developing chips independently," Chen Fuyang stated that this is an "exaggerated assumption."</p>

- Broadcom's AI market sales outlook fell short of investor expectations, leading to a post-market stock decline.  
- The CEO announced a backlog of $73 billion in AI product orders, expected to be delivered over the next six quarters, which disappointed some investors despite clarifications of potential additional orders.  
- The company reported record revenues of $64 billion for fiscal year 2025, driven by a 65% increase in AI business revenue, and anticipates continued growth in AI revenue for the upcoming fiscal year.

Broadcom fell 5% after the conference call, with $73 billion in AI orders deemed insufficient, and the CEO admitted not to overestimate custom chips