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Broadcom shares plunged 12% after software sales missed targets and leadership signaled no increase to AI chip forecasts, heightening concerns about the sustainability of current semiconductor growth.

Broadcom’s recent $280 billion market surge faces a critical test this week as investors look to upcoming earnings for signs that AI demand justifies the rapid valuation spike.

Broadcom shed $300 billion in market value after missing revenue targets, sparking a rare split between falling share prices and bullish analyst outlooks on AI hardware demand.

Broadcom lost $250 billion in market cap as soft software sales overshadowed AI chip demand, signaling a shift in investor sentiment toward semiconductor growth expectations.