Broadcom's shares fell after its full-year forecast failed to impress investors despite its expectations of $10 billion in AI chip sales this year.
Broadcom
Breaking News
Almost there, Broadcom is nearing to close its brocade buying deal
Avago Technologies Ltd (AVGO.O) agreed on Thursday to buy Broadcom Corp (BRCM.O) for $37 billion in the largest merger of chipmakers ever, turning a lesser known company run by a ferocious dealmaker into one of the biggest industry players.
Broadcom (BRCM.O) posted third-quarter results on Tuesday that exceeded Wall Street's expectations as the chipmaker focused on networking and smartphone chips, sending its shares 5 percent higher.
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