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Broadcom shares plunge after AI forecast disappoints
Reuters Videos123d agobearishVIDEO
Broadcom shares plunge after AI forecast disappoints

<body><p>STORY: The AI boom isn’t boosting all chip stocks equally.</p><p>Shares in Broadcom plunged as much as 13% Wednesday after its outlook for demand disappointed investors.</p><p>The U.S. firm said it expects AI chip revenue of $16 billion in the third quarter, a little below expectations.</p><p>Revenue for the previous period also fell short of Wall Street hopes.</p><p>Chief Executive Hock Tan said Broadcom was leaving its long-range forecast for AI chip sales unchanged at $100 billion.</p><p>The firm’s ability to meet demand has been strained by supply chain issues.</p><p>It also faces a growing threat from rivals like Marvell Technology, which is making inroads with sales to tech giants.</p><p>Even so, Broadcom remains a major beneficiary of the AI investment race.</p><p>Analysts say it has a strong position in custom chips.</p><p>They are in hot demand amid the rise of inference - the process by which chatbots respond to user queries.</p><p>Big Tech firms like Alphabet and Microsoft are expected to spend some $700 billion on AI infrastructure this year, with much of that money set to flow to chipmakers.</p></body>

Stocks drop on AI, rate hike worries as Lebanon deal hits oil
AFP123d agobearish
Stocks drop on AI, rate hike worries as Lebanon deal hits oil

Stocks sank Thursday after a disappointing forecast by chip giant Broadcom stoked concerns about the AI trade, while stronger-than-expected US data compounded speculation the Federal Reserve could hike interest rates.Speculation is rising that a strong reading -- which would compound the war-fuelled spike in inflation -- could put more pressure on the Fed to hike rates.

Home Depot rival hardware chain files Chapter 11 bankruptcy
TheStreet123d agobearish
Home Depot rival hardware chain files Chapter 11 bankruptcy

Independent home improvement chains face intense competition from major big-box retailers like Home Depot and Lowe’s, which has resulted in the smaller competitors having financial distress and, in some cases, filing for bankruptcy. Home Depot dominated the home improvement sector, ...

A Look At BWX Technologies (BWXT) Valuation After Defense Contracts And Sector Selloff
Simply Wall St.123d agobearish
A Look At BWX Technologies (BWXT) Valuation After Defense Contracts And Sector Selloff

BWX Technologies (BWXT) is drawing fresh attention after its shares moved lower alongside a sector-wide aerospace and defense selloff, even as the company secured over US$1.4b in U.S. Naval Nuclear Propulsion Program contracts. See our latest analysis for BWX Technologies. That sector-wide weakness has pulled BWX Technologies’ 7 day share price return down 7.15% and its 30 day share price return down 14.75%. However, the 1 year total shareholder return of 44.14% and 5 year total shareholder...

Assessing Aehr Test Systems (AEHR) Valuation After Powerful Share Price Momentum And Insider Selling
Simply Wall St.123d agobearish
Assessing Aehr Test Systems (AEHR) Valuation After Powerful Share Price Momentum And Insider Selling

Recent share performance and business snapshot Aehr Test Systems (AEHR) has moved sharply in recent periods, with the stock up 1.4% over the past day, 10.4% over the past week, and 33.9% over the past month. Over the past 3 months the stock has returned about 183%, while the 1 year total return is 8.8%. Longer term, the 3 year total return is about 175% and the 5 year total return is about 4,224%. The company, headquartered in Fremont, California, focuses on test solutions for semiconductor...

T-Mobile drops new free perks for customers as pressure builds
TheStreet123d agobearish
T-Mobile drops new free perks for customers as pressure builds

T-Mobile is boosting its appeal to customers amid recent challenges in retaining their loyalty. The carrier is rolling out additional free customer perks after seeing a slight uptick in churn over the past few months. During an earnings call in April, T-Mobile CEO Srini Gopalan said the ...