Broadcom's AI Ambitions Meet Market Dip, Fed Signals Hawkish Policy, Bitcoin Plunges

1. Broadcom reported Q2 revenue slightly below estimates, but its CEO provided highly optimistic AI chip revenue forecasts ($100 billion by 2027), despite the stock dropping 11% in extended trade.
2. Dallas Fed President Logan indicated that monetary policy remains "a bit loose" and stressed the need for a restrictive stance to control inflation, signaling potential continued hawkishness.
3. Bitcoin plummeted 4% to its lowest level since February, amidst declines in gold, silver, and palladium, even as some AI and prediction market crypto tokens showed strength.