As of the time of writing, the stock has fallen more than 9%, trading at $138.7.
According to the Zhitong Finance APP, on Friday, the stock price of Broadcom (AVGO.US) fell after the release of its latest financial results. As of the time of writing, the stock has fallen more than 9%, trading at $138.7. The growth of the company's AI-related product business was lower than expected. In the third quarter, the revenue of Broadcom's semiconductor solutions business unit, which includes AI custom chips, unexpectedly slowed down, with year-on-year growth decreasing from 6% in the previous quarter to 5%, which was lower than the analyst's expectation of 6.8%.