That’s roughly how much market value Broadcom is slated to lose today after its results last night sent its shares sliding 15%.
The move underscores the high bar that companies tied to AI are now facing: The semiconductor and software maker logged strong quarterly revenue—fueled by demand for its AI chips—but left its 2027 outlook unchanged, sticking with guidance for AI semiconductor revenue of more than $100 billion.
The fall in market value doesn’t threaten to unseat Broadcom as the sixth-most valuable stock in the S&P 500.
