Broadcom stock drops as weak AI forecast overshadows record Q2 revenue.

Broadcom reported record second-quarter revenue of $22.2 billion, driven by a massive 143% surge in AI semiconductor sales to $10.8 billion, which underscores the intense global demand for custom AI accelerators and networking infrastructure. Despite beating earnings expectations with adjusted EPS of $2.44, the company's stock fell sharply because its third-quarter AI revenue forecast of $16 billion missed analyst projections, while its unchanged full-year guidance added to investor concerns. This quarterly performance highlights Broadcom's accelerating position in the artificial intelligence sector and reinforces the broader narrative of a sustained chip supercycle, even as the market scrutinizes the company's future growth trajectory against rivals like Nvidia.