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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Broadcom shares fell 12% despite beating Q2 earnings and revenue estimates, as AI chip revenue guidance remained unchanged. The company's revenue climbed 48% to $22.2 billion, fueled by a record 143% surge in AI semiconductor sales to $10.8 billion. AI bookings exceeded $30 billion, providing management visibility through 2028, while free cash flow reached $10.3 billion with operating margins expanding to 67%.