Broadcom pares losses as revenue is projected to double in both 2027 and 2028

Investing.com -- Broadcom shares pared losses to 0.3% in extended trading on Wednesday after CEO Hock Tan shared predictions of revenue doubling in both 2027 and 2028 during the company’s earnings call. The news helped the stock reverse course after Broadcom forecasted fourth-quarter revenue below Wall Street estimates, raising concerns that intensifying competition in custom artificial intelligence processors could limit growth.