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Broadcom shares slump as revenue target fails to impress investors counting on AI boost

UPDATE 2-Broadcom shares slump as revenue target fails to impress investors counting on AI boost Updates shares in paragraph 1, market value in paragraph 6, adds graphic, net loss in paragraph 16 By Akash Sriram and Arsheeya Bajwa Sept 6 (Reuters) - Broadcom's shares AVGO.O c losed down 10% on Friday after the chipmaker's tepid revenue forecast spooked investors betting on robust demand for AI chips to drive strong growth.
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Broadcom shares slump as revenue target disappoints investors hoping for big AI boost

Broadcom shares slump as revenue target disappoints investors hoping for big AI boost Sept 6 (Reuters) - Broadcom's shares AVGO.O slid about 9% in premarket trading on Friday, after the chipmaker's revenue forecast spooked investors betting on robust demand for AI chips to drive strong growth. The chip major posted big declines in revenues from its broadband and non-AI networking divisions on Thursday, offsetting a hike in its forecast for AI chip sales.
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Apple rises as Citi picks iPhone maker as top AI play, above Nvidia

BUZZ-Apple rises as Citi picks iPhone maker as top AI play, above Nvidia ** Apple AAPL.O shares rise 1.5% to $229.92 premarket ** Citi selects AAPL as top AI pick, above chip giant Nvidia NVDA.O and cloud networking provider Arista Networks ANET.N ** AI is a compelling upgrade for iPhone refresh next year, brokerage says ** Apple is in the best position to take AI phone adoption to mass market, given its leading position in the premium smartphone market and seamless integration of software and h
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S&P 500 top and bottom performing stocks at about 12:00 p.m. EDT

BUZZ - S&P 500 top and bottom performing stocks at about 12:00 p.m. EDT S&P 500 .SPX Top Performers Percent Change EQT Corp EQT.N +4.1% Match Group Inc MTCH.OQ +3.7% Darden Restaurants Inc DRI.N +3.6% Albemarle Corp ALB.N +3.4% Advanced Micro Devices Inc AMD.OQ +3.1% Bottom Performers Percent Change HP Inc HPQ.N -3.5% Domino's Pizza Inc DPZ.N -2.8%
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U.S. CH Robinson Worldwide, Dayforce, Entegris

U.S. RESEARCH ROUNDUP-CH Robinson Worldwide, Dayforce, Entegris Aug 1 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including CH Robinson Worldwide, Dayforce and Entegris, on Thursday. HIGHLIGHTS * CH Robinson Worldwide Inc CHRW.O : JP Morgan raises to overweight from neutral * Dayforce Inc DAY.N : Piper Sandler raises to overweight from neutral * Entegris Inc ENTG.O : Seaport Research Partners raises to buy from neutral * M
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