The shares of companies exposed to artificial intelligence infrastructure came in for a beating after a report about Oracle Corp. data center delays added fuel to a selloff already underway following disappointing earnings results from chipmaker Broadcom Inc.

The chip designer reported rapid revenue growth as demand continues to rise for chips to fill the data centers that power artificial-intelligence models.

Broadcom (AVGO) has successfully pivoted from networking silicon to AI custom chips, partnering with OpenAI, Google, and Meta Platforms Inc.

Yesterday we were watching whether Broadcom could sustain its AI momentum and deliver guidance that justified its 75% rally this year. The company beat on both revenue and earnings after the bell, and CEO Hock Tan delivered the kind of forward commentary investors wanted to hear.

Concerns about the chip maker's sales forecasts, contracts backlog and anticipated future margins [overshadowed its rapid revenue growth](

Broadcom President and CEO Hock Tan disclosed that Anthropic signed a $10 billion custom chip deal this fall with Anthropic, followed by a new $11 billion deal.

Jay Goldberg, Seaport senior analyst, joins 'The Exchange' to discuss the stock reaction to Broadcom's recent price action, Broadcom's customer base and much more.