Broadcom's stock price declined as the market reacted to the company's fourth-quarter earnings guidance. Despite strong growth and AI revenue potential, investors were concerned that the guidance did not meet expectations.
Chinese chipmaker ChangXin Memory Technologies, or CXMT, has filed a lawsuit against the U.S. Department of Defense seeking removal from a blacklist, according to the news digest citing Bloomberg. The company said the chips it designs are intended for civilian and commercial use rather than military applications, and argued that it was wrongly added to the list. The case has been filed in the U.S. District Court for the District of Columbia, with U.S. Defense Secretary Pete Hegseth named as a defendant. In a statement issued after the filing, CXMT said it is not a military contractor and that its reputation and commercial interests have continued to suffer since it was first placed on the blacklist in January 2025. The company said the legal action was taken to protect its business interests. Reuters separately cited a Pentagon statement saying the department does not comment on pending or unresolved litigation under its policy.
