Broadcom reports unexpected quarterly loss, faces market turbulence amid strategic shifts
Broadcom Inc., a major semiconductor and software company, faced a challenging third quarter in fiscal year 2024 as it reported a surprising net loss of $1.87 billion. This downturn, largely attributed to a significant one-time tax adjustment related to restructuring its intellectual property rights within the U.S., marks a substantial deviation from the $3.3 billion […]