Broadcom fell in after-hours trading and its sales outlook for AI did not meet investors' high expectations.

Broadcom's stock price fell, as the company's sales expectations for the booming AI market did not meet investors' high expectations. The stock fell about 4% in after-hours trading on Thursday, wiping out earlier gains, as concerns were raised by CEO Hock Tan's remarks during a conference call with analysts. He stated that the company currently has a backlog of $73 billion worth of artificial intelligence product orders, which will be delivered over the next six quarters, a number that disappointed some investors. However, Tan tried to clarify that this is just a "lower limit." "We expect this number to increase significantly in the next six quarters as more orders come in," he said. "Therefore, depending on the specific product, our delivery cycle could range from six months to a year." Broadcom has also not yet released a forecast for AI revenue in 2026. "Things are constantly changing," Tan said. "It's hard for me to accurately predict what 2026 will look like. So, I don't want to provide any guidance."