** Broadcom AVGO.O shares fall 11.9% in pre-market trading on Thursday after the chipmaker missed Wall St's Q2 rev estimates and its AI chip rev forecast came in slightly below expectations

** Co reported Q2 rev of $22.19 bln, missing estimates of $22.27 bln, and said it expects Q3 AI chip rev of $16 bln, slightly below consensus of $16.36 bln

** Jefferies analysts said Broadcom faces "a tough bar to deliver upside every quarter," with July guidance and its reiteration of more than $100 bln in fiscal 2027 AI revenue unlikely to satisfy a market already expecting higher numbers

** AVGO did, however, forecast overall Q3 rev of about $29.4 bln, ahead of analysts' avg estimate of $28.54 bln, per LSEG-compiled data

** Median analyst price target is $498.33, implying a 4% difference from its Wednesday's closing price of $479.23

** Shares have surged about 38.5% YTD, outperforming a 15.5% rise in the Nasdaq .IXIC