Broadcom Faces Sell-Off Despite $73B AI Backlog and 30% Chip Sales Surge Forecast
Broadcom’s AI semiconductor division has secured roughly $73 billion in backlog from Google, Meta and OpenAI while analysts foresee global chip sales rising about 30 percent to $1 trillion by 2026. However, the stock’s recent earnings release triggered a significant sell-off despite technical indicators entering the final stage of an 18-phase bullish cycle.
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