Broadcom forecasts lukewarm quarterly revenue despite AI chip surge, shares fall
(Reuters) -Chipmaker Broadcom (AVGO) forecast fourth-quarter revenue slightly below Wall Street expectations on Thursday, hurt by sluggish spending in its broadband segment. Despite a sharp rise in orders for its artificial intelligence chips, shares fell nearly 5% in extended trading. The Irvine, California-based company expects revenue of around $14 billion, while analysts polled by LSEG…