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.
Reader-supported · The Brief
Liked this? The Brief brings you the whole day in tech, verified, every morning. Two minutes, free forever.
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.
DTCC has completed its first live production trades of tokenized stocks, ETFs and U.S. Treasurys with more than two dozen major institutions. The milestone advances its planned tokenization service launch in October and shows blockchain integration into core Wall Street infrastructure while preserving traditional legal rights.
Inflation cooled sharply in June while Morgan Stanley delivered record earnings and IBM suffered its worst trading day on record. Markets reacted positively to the inflation data and bank results but remain on edge over potential oil-price spikes from Middle East conflict.
Stripe and Advent International have reportedly jointly offered $53 billion to acquire PayPal at $60.50 per share, representing a 28% premium with about $50 billion in committed financing. The approach underscores both firms' deepening involvement in stablecoins while PayPal contends with competitive pressures.