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Broadcom Crashes After AI Chip Revenue Forecast Misses
Broadcom Crashes After AI Chip Revenue Forecast Misses
Broadcaom stock is plunging in after-hours trading, after the company reported Q2 results which delivered a disappointing forecast for AI chip revenue, signaling that the company is either progressing more slowly than anticipated in the burgeoning industry, or that unlike its peers, is actually truthful in predicting the potential of the AI bubble.
The historicals were ok: in the fiscal second quarter, which ended May 3, sales rose 48% to $22.2 billion, just barely beating the $22.1 estimate. AI semiconductor revenue was $10.8 billion, also...
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Mar 30, 2026 / Tyler Durden
Dallas Fed Mfg Activity Holds Near One Year High Despite Plunge In Respondent Sentiment On Iran War
Dallas Fed Mfg Activity Holds Near One Year High Despite Plunge In Respondent Sentiment On Iran War
The Dallas Fed Manufacturing Index continues to straddle the unchanged line, and despite a tiny dip from 0.2 in February, the highest print since July, to -0.2 in March, just below the 1.5 median estimate, the index remained near the highest level in a year and absent a modest and brief, post-Trump election spike, this remains one of the highest prints since mid-2022.
Curiously, the headline index barely dropped even though most index components...
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May 1, 2026 / Tyler Durden
Mills Drops Out In Maine Governor's Race As Oysterman With Nazi Tattoo Becomes Democratic Frontrunner
Mills Drops Out In Maine Governor's Race As Oysterman With Nazi Tattoo Becomes Democratic Frontrunner
Maine Gov. Janet Mills suspended her U.S. Senate campaign Thursday morning, citing a lack of financial resources. That's the official explanation. The more accurate one is that the polls showed her trailing badly to Graham Platner, an oysterman from coastal Maine with no electoral experience.
Mills had every structural advantage working for her: she’d already won a statewide election, had name identification, and the support of Senate Minority Leader Chuck Schumer. The writing was on the...
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Mar 28, 2026 / Tyler Durden
Trump Ready To Take US Arms For Ukraine & Divert Them To Middle East
Trump Ready To Take US Arms For Ukraine & Divert Them To Middle East
The Iran war has been bad for Ukraine, and President Zelensky knows it. He's frequently been warning partners not to let the global focus on the latest Middle East war distract from supporting Kiev.
But President Trump himself made fresh remarks highlighting just this situation, signaling he's willing to reroute arms originally tied to Ukraine toward the Middle East theater against Iran, reinforcing the obvious and growing pivot in US priorities.
Reporter: Is the U.S. diverting some munitions that...
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