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Broadcom's revenue forecast disappoints on weakness in chip business

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Broadcom Inc on Thursday forecast current-quarter revenue, the midpoint of which was slightly below analysts' estimates as its chip business took a hit from supply chain disruptions caused by the novel coronavirus.

FILE PHOTO: A sign to the campus offices of chip maker Broadcom Ltd is shown in Irvine, California, U.S., November 6, 2017. REUTERS/Mike Blake/File Photo

Chief Executive Officer Hock Tan, however, said the outlook for its chip business reflects a surge in demand from cloud, telecom and enterprise customers.

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Broadcasting is dead. Cable is dead. Theaters are dead. Long live streaming.

There's only so long people will buy tick tock iterative updates annually. There's really no change anymore. Phones are like PC's now. 5 years from now people will be using the same devices, just fine.

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Here's what happened to the stock market on ThursdayStocks fell for the first time this month after the release of disappointing unemployment data. FOMO Crazy. It went down. Where’s stevenmnuchin1 federalreserve!! Can’t believe you guys let this happen today. Can you please close the spreads tomorrow? We can not afford to let them blow out again. When when markets on turmoil
Source: CNBC - 🏆 12. / 72 Read more »