Broadcom loses $300 billion in market value
Broadcom, the American company, suffered market losses exceeding $300 billion after its stock declined by as much as 15.4% in after-hours trading, following a downgrade in its AI revenue forecasts compared to investor expectations. Despite continued growth in demand for infrastructure of advanced technologies, the forecast for this quarter's revenue of $29.4 billion fell short of market expectations, leading to a significant decline in the company's value.
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