🔴 Broadcom Inc is trading 5.1% down today as unchanged AI revenue targets trigger profit-taking

Broadcom Inc is trading 5.1% down at $372.06 as investors continue to react to the company's fiscal Q2 earnings report and long-term AI outlook.

• While the company projected $16 billion in Q3 AI chip sales, its decision to keep the 2027 AI revenue target unchanged at $100 billion disappointed some investors who had anticipated a guidance raise.
• The stock is also facing pressure from a broader sell-off in the tech and AI sectors, fueled by hotter-than-expected CPI data and a general shift toward risk-off sentiment.