# Broadcom still deemed ‘high-risk’ in demanding market despite promising update

By Matt Britzman — 2026-06-04

Matt Britzman, senior equity analyst at Hargreaves Lansdown, said: “Broadcom delivered another eye-catching update, but this was a classic case of very high expectations meeting a market that wanted perfection.

“Revenue was broadly in line, earnings beat, and AI demand remains extremely strong, with management pointing to another sharp step-up in AI semiconductor revenue next quarter.

“But with the shares down around 14 per cent in pre-market trading, investors are punishing anything that falls short of exactly what they wanted to hear.

“That fits with the note of caution we had already sounded to clients – Broadcom is one of the more exciting names in the AI infrastructure buildout, but it also came into results as one of the higher-risk names, and the lack of full-year guidance raise was clearly a disappointment for many.”

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