Broadcom’s shares fall after the company issues a forward outlook for artificial intelligence chip revenue that investors view as less than expected. Multiple reports say the decline is sharp, with the stock dropping in extended trading following the update. Bloomberg reports that Chief Executive Officer Hock Tan points to expected AI chip revenue of $56 billion for the fiscal year ending in October, which is slightly below the average estimate cited by analysts of $57.6 billion. Other coverage characterizes the forecast as disappointing and suggests the company’s progress in the AI chip market is occurring more slowly than some investors anticipated. One outlet notes that the market reaction comes despite an otherwise strong quarterly earnings picture, with the share move driven largely by expectations for future AI-related demand and revenue. The reports also indicate that investors’ sentiment around AI infrastructure and chip spending is sensitive to guidance, with the outlook serving as the key catalyst for the selloff. Broadcom’s next steps are not detailed in the provided coverage, but the near-term investor focus remains on whether its AI chip roadmap will meet market expectations later in the fiscal year.