Broadcom missed revenue estimates in its fiscal Q2 and saw shares plunge 14% after holding its $100 billion AI chip sales forecast for 2026 unchanged. The results highlight softening software sales even as AI revenue more than doubled and is expected to triple in the current quarter.
Hock Tan did not raise the full-year target of $100 billion in AI semiconductor sales for 2026.
Tan said Broadcom would offer "chips only" instead of the complete integrated AI systems it had previously planned to provide.
Tap a lens to see what this story means for you.
Liked this? The Brief brings you the whole day in tech, verified, every morning.
Two minutes, free forever. What's in The Brief →
See what’s happening right now
The Feed runs all day — short, verified briefs the moment they break.
Open the FeedFollow @thecircuitry_
Every story we publish, as it happens. No noise between.
Reader-supported
The Circuitry is a passion project I've always wanted to build, and I love the work behind it.
Running it costs real money. APIs, hosting, time. To keep improving the site and growing this into something useful for everyone, those costs have to be covered.
Any contribution is appreciated. If not, no pressure. Thanks for reading.
Apple shares slid about 2% after the company forecast a gross margin of 45% to 46% for the December quarter, below analyst estimates, citing higher memory costs and Siri AI expenses. A decline would be the third straight quarter of lower margins, despite stronger-than-expected revenue and iPhone results.
Sources told CNBC that Chinese AI lab Moonshot has discussed leasing Nvidia Blackwell capacity from European neoclouds, including talks around clusters of 8,000 or more GPUs. No signed lease has been confirmed.
Semiconductor Engineering's week in review: HBM smuggling into China, roughly 600,000 Nvidia H200s held in Hong Kong, a reportedly paused Micron Taiwan plant, and Oracle's reported cancelation of a ~$7B Tencent chip-access deal.
Powerchip Investment Holding filed a criminal complaint on Nov. 2 over an alleged coordinated bid to buy a 20% stake for more than NT$13.6 billion. The filing raises questions about compliance with tender offer rules and the origin of the funds.
Intel shares fell 14% in after-hours trading on Oct. 29, per Reuters, with later reports putting the drop at about 17% to more than 20%, after the company guided fourth-quarter revenue below estimates. CFO David Zinsner told Reuters an October explosion at its Kiryat Gat, Israel fab will cut about $600 million of revenue over two quarters.
