June 4 : Broadcom shares slumped more than 14 per cent on Thursday, dragging chip peers lower, after the company's results fell short of lofty expectations around demand for its custom AI chips business. The premarket losses, if sustained, will erase more than $315 billion from the company's market value of about $2.268 trillion, in one of the biggest one-day wipeouts ever. Its crucial role in helping design in-house processors of firms like Alphabet and Meta that serve as alternatives to