Broadcom Chip Sales Miss Estimates Even as AI Demand Grows

Bloomberg03-08

Shares slip in late trading after chipmaker’s quarterly reportBroadcom’s software revenue comes in better than expectedA Broadcom Inc. microchip on a personal computer. Broadcom Inc., a chip supplier ...

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Broadcom Inc., a chip supplier ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-03-07/broadcom-chip-revenue-misses-estimates-even-as-ai-demand-grows\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Broadcom Chip Sales Miss Estimates Even as AI Demand Grows</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBroadcom Chip Sales Miss Estimates Even as AI Demand Grows\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-08 06:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-03-07/broadcom-chip-revenue-misses-estimates-even-as-ai-demand-grows><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares slip in late trading after chipmaker’s quarterly reportBroadcom’s software revenue comes in better than expectedA Broadcom Inc. microchip on a personal computer. Broadcom Inc., a chip supplier ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-03-07/broadcom-chip-revenue-misses-estimates-even-as-ai-demand-grows\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AVGO","symbol_name":"博通","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2024-03-07/broadcom-chip-revenue-misses-estimates-even-as-ai-demand-grows","article_id":"1100019907","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1100019907","pubTimestamp":1709850300,"columns":[],"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Shares slip in late trading after chipmaker’s quarterly reportBroadcom’s software revenue comes in better than expectedA Broadcom Inc. microchip on a personal computer. Broadcom Inc., a chip supplier ","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"AVGO":"博通"},"translate_title":"即使人工智能需求增长，博通芯片销售仍低于预期","themeId":"c0d77e622a6742cf8335299f8317b4b4","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AVGO":1.1},"content_text":"Shares slip in late trading after chipmaker’s quarterly reportBroadcom’s software revenue comes in better than expectedA Broadcom Inc. microchip on a personal computer. Broadcom Inc., a chip supplier for Apple Inc. and other big tech companies, reported disappointing revenue from its semiconductor business, even as it said that AI is helping fuel demand.The semiconductor division posted revenue of $7.39 billion in the fiscal first quarter, the company said Thursday, missing the $7.7 billion projected by analysts. Sales in fiscal 2024, which ends in October, will be $50 billion — in line with its previous forecast. Broadcom has suspended quarterly projections while it integrates and restructures its acquisition of software maker VMware.The results suggest that the AI computing spending boom may not be lifting Broadcom chip sales as much as hoped. Chief Executive Officer Hock Tan has promised that this area will account for a quarter of the company’s revenue this fiscal year. Broadcom’s infrastructure software sales, meanwhile, beat analysts’ estimates.Nvidia Corp.’s stratospheric rise in the past year has sent investors looking for companies poised to get their own AI windfall. Broadcom doesn’t make Nvidia-style chips — ones used to train the large language models that power AI tools — but it does supply vital networking components and handles custom chip design work. That makes it integral to the giant data centers that are processing AI workloads.Despite missing estimates for chip revenue, Tan said demand was strong for its networking products from AI data centers and large cloud computing providers were clamoring for its custom artificial intelligence chips. They are “driving growth in our semiconductor segment,” he said in a statement.The company’s stock, which had been up 26% this year, fell 3.5% in extended trading following the announcement. Shares of fellow chipmaker Marvell Technology Inc. also slid in after hours, hurt by a weak forecast. It too has been seen as a beneficiary of AI spending.Broadcom’s profit was $10.99 a share in the first quarter, excluding some items. Analysts had predicted $10.42 a share for the period, which ended Feb. 4. Total revenue rose 34% to $11.96 billion, compared with an average analyst estimate of $11.8 billion.Software demand helped make up for semiconductor sales that were more sluggish than predicted. The infrastructure software division posted revenue of $4.57 billion, beating the $4.33 billion projection.Broadcom’s Tan has built one of the largest companies in the chip industry through a string of acquisitions. He’s also diversified the business with a push into software — an effort bolstered by the recent purchase of VMware. The integration of that deal will take a year and cost about a billion dollars, including the expense of laying off workers, Tan has said.Broadcom provides key components for Apple’s iPhone, designs custom chips for Alphabet Inc.’s Google and is the biggest supplier of networking components that direct traffic between computers in data centers. During earnings calls, Tan typically gives updates on Broadcom’s at-times contentious relationship with Apple, though he refers to it obliquely as his “North American customer.”","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":10,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1100019907"}