Broadcom's performance outlook falls short of market expectations - sluggish demand for non-AI products.
September 6, 2024 5:52 JST (excerpt).
Broadcom, which supplies semiconductors to major high-tech companies like Apple in the U.S., revealed on the 5th that its revenue forecast lacks brilliance, suggesting that sluggish demand for products other than artificial intelligence (AI) is putting pressure on growth.
According to the announcement, revenue for August to October (Q4) is expected to be around $14 billion, approximately 2 trillion yen. Analyst estimates were around $14.1 billion.
Broadcom benefits from the surge in AI investments, but other divisions have little to do with this tailwind. The company provides a wide range of products such as mainframe products, security-related software, datacenter software, mobile phone chips, data storage devices, etc.
Broadcom, which supplies semiconductors to major high-tech companies like Apple in the U.S., revealed on the 5th that its revenue forecast lacks brilliance, suggesting that sluggish demand for products other than artificial intelligence (AI) is putting pressure on growth.
According to the announcement, revenue for August to October (Q4) is expected to be around $14 billion, approximately 2 trillion yen. Analyst estimates were around $14.1 billion.
Broadcom benefits from the surge in AI investments, but other divisions have little to do with this tailwind. The company provides a wide range of products such as mainframe products, security-related software, datacenter software, mobile phone chips, data storage devices, etc.
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