Broadcom Slides by Most in More Than a Year on AI Outlook Miss

About this episode

The episode discusses Broadcom's disappointing AI chip sales forecast and SpaceX's upcoming IPO.

Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF . Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu -Mandeep Singh, Global Tech Research Head at Bloomberg Intelligence, discusses Broadcom’s outlook. Broadcom Inc. shares plunged after the company’s forecast for sales of its artificial intelligence chips disappointed investors. AI semiconductor revenue will be $16 billion in the fiscal third quarter, falling well below analysts’ expectations of $17.2 billion on average. -Bailey Lipschultz, Bloomberg News Senior Equities Reporter, discusses SpaceX’s IPO. SpaceX is planning to offer shares at $135 apiece to raise $75 billion in its initial public offering. The IPO is expected to start formal marketing on June 4 and price as early as June 11, with the company making its debut on Nasdaq and Nasdaq Texas under the symbol SPCX. -Gene Munster, Managing Partner at Deepwater Asset Management, also joins to discuss SpaceX’s IPO. See omnystudio.com/listener for privacy information.

People in this episode

Hosts: Paul Sweeney, Scarlet Fu

Guests: Mandeep Singh, Bailey Lipschultz, Gene Munster

Topics covered

• Broadcom
• AI chips
• SpaceX IPO
• investing
• technology
• market analysis

Keywords

• Broadcom
• AI chips
• SpaceX
• IPO
• market forecast
• investing
• technology

Mentioned in this episode

Organizations: Bloomberg Intelligence, Broadcom Inc., Bloomberg News, SpaceX, Deepwater Asset Management

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