Broadcom Stock Forecast 2024 India. Broadcom's shares closed down 10% on friday after the chipmaker's tepid revenue forecast spooked investors betting on robust demand for ai chips to drive. The company raised its forecast for annual ai revenue to $12 billion, up from its earlier expectation of $11 billion, as it benefits from the demand for its custom chips.

The drop in broadcom’s stock adds to cooling market enthusiasm for artificial intelligence, even as big tech continues to invest in ai development. Updated on jun 13, 2024 at 06:18 pm ist.