Broadcom Misses Target, Seoul Market Plunges 8%: AI Warning Signs

A key supplier for the global artificial intelligence boom missed its revenue target last week. Broadcom, a US company that makes chips and networking gear for AI systems, reported earnings slightly below expectations. The miss was small. But the market reaction was severe. On Monday, South Korea’s stock market fell more than 8%. Samsung Electronics lost 10%. SK Hynix, a major memory chip maker, dropped nearly 8%. The selloff spread. Taiwan’s market also took a hit. Japanese semiconductor stocks came under pressure. Investors are watching closely. The broad decline suggests concern that demand for AI hardware may be cooling. Broadcom’s small miss, paired with sharp drops in Asian chip stocks, is a warning for those betting on continued AI growth.