By Jack Pitcher
Broadcom was the S&P 500's worst performer Friday after the chip maker's revenue guidance fell short of analyst estimates.
Broadcom shares tumbled around 10% in late morning trading, their worst post-earnings reaction on record, and are down more than 15% on the week. The forecast added to recent investor concerns over the trajectory of AI demand. Nvidia's shares also slid.
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(END) Dow Jones Newswires
September 06, 2024 11:41 ET (15:41 GMT)
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