Broadcom earnings miss triggers chip sector sell‑off

Broadcom reported second‑quarter fiscal earnings that fell short of Wall Street estimates. Revenue came in at $22.19 billion, below the expected $22.27 billion, while earnings per share were $2.44 versus the $2.40 forecast. The company’s share price dropped about 5.5 % in pre‑market trading after the results were released. Broadcom also warned that AI‑chip sales for the current quarter would be about $16 billion, slightly under analysts’ $16.36 billion expectation.

The miss sparked a broad sell‑off in the semiconductor sector. U.S. peers such as Micron Technology, AMD, Marvell Technology and Qualcomm each fell between 4 % and 7 %. European chipmakers including STMicroelectronics, Infineon and ASML also posted declines of 5 %‑6 %. The broader technology index was projected to open lower, and the downturn spilled over to related tech stocks, with software firms like Capgemini gaining while others such as CrowdStrike and PVH saw losses.