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Broadcom Stocks Fall 2.2% Despite TSMC's Record AI Quarter
GuruFocus ·
GuruFocus reports: Broadcom , the custom AI accelerator and networking-chip supplier, fell about 2.1% to $368.38 at approximately 10:33 a.m. ET on Thursday. Strong foundry sales offered little protection from selling across the AI-chip trade. According to Barron's, TSMC's record sales failed to give the sector a broad lift. Investors want more than another sign that AI demand remains hot. Broadcom's own hurdle is steep. Management projected $21.7 billion in fourth-quarter AI semiconductor…