BROADCOM MISSES Q2 TARGETS, AI FORECAST DISAPPOINTS
■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE
Broadcom reported Q2 revenue of $22.19B, falling short of $22.27B expectations despite 48% year-over-year growth. The chipmaker's Q3 AI semiconductor revenue forecast came in below analyst estimates, triggering a 12%+ after-hours stock decline.
■ MORE FROM THE BUSINESS DESK
Two years of debates over AI data center construction in Pennsylvania have exposed deep divisions, with environmental groups, local communities, and energy advocates all finding reasons to oppose projects.
Meta has struck a deal with plastics recycling startup MacroCycle to fund construction of its first commercial manufacturing plant. The investment accelerates the company's efforts to scale chemical recycling technology.
Polymarket, a platform that lets users bet on real-world events, is actively lobbying European regulators to classify it as something other than gambling. The move comes as the prediction market faces increased regulatory scrutiny across the continent.
Prime Minister Andy Burnham faces a decision on whether to terminate Palantir's £330 million NHS contract, a choice that could signal Britain's stance on Big Tech partnerships and its relationship with Washington.