that were better than Wall Street was expecting, but its Q4 revenue guidance of $14.0 billion fell short of the expected $14.13 billion.
Watch the video above to hear what Klein has to say about what the guidance miss may mean for chip stocks going forward.Broadcom, beating estimates on the top and bottom line but reporting lacklustre fourth quarter revenue and guidance.I mean, in a nutshell, I would characterise it as just not enough.Uh, it was not the semiconductor business, and, uh, and that's gonna be a disappointment, I think.So, you know, semis are, you know, for sale largely the last few weeks.
Uh, one area that I'm keen to hear about is is their business for, uh, apple, um, where Apple is reportedly going to build more iPhones this year than last year.But yeah, that's why I think you're gonna kind of see more muted reactions tomorrow if not a rotation from semis, which we've been seeing because these results are just showing investors you're not getting the kind of upside that would drive more money into the sector.
Uh, but that said, you know, again, I don't think he can pull a rabbit out of a hat and change the fact that the guides just below where people were expecting. I don't think we'll hear it on the call, but he's gonna get asked, and that's Do they have another large cloud?And, um, they've got three right now, and there's a lot of talk that they could win or get the 1/4.But if he signals anything like we're close to signing something or working with others and just be patient, then I think that investors would buy this weakness quickly.