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U.S.-traded chipmakers plunged on Friday, losing over $1 trillion in market value, with deep losses in ‌AI heavy hitters including Nvidia, Micron Technology and Advanced ‌Micro Devices, as Broadcom's weak report earlier this week reverberated across Wall Street. The PHLX ​chip index slumped almost 8.5% in afternoon trading, putting it on track for its deepest one-day loss since Wall Street's "Liberation Day" tariff selloff in April 2025. Friday's selloff added to losses on Thursday after Broadcom gave a ‌quarterly report that showed ⁠demand for its custom AI chips business falling short of lofty expectations.

Technology stocks tumbled sharply Friday as the Nasdaq headed for its worst week in a year. Nasdaq Inc. shed nearly 2% in afternoon trades, as Nvidia, Micron and Sandisk fell. Tech behemoths like Amazon and Google edged lower.

The selling in computer-chip and hardware manufacturers is getting ugly this afternoon after Broadcom's forecast disappointed late Wednesday. Higher bond yields, which decrease the value Wall Street assigns to companies projecting high profits far into the future, aren't helping either.

US benchmark equity indexes were lower intraday amid a technology sector-led sell-off, while Treasur

Analysts remain bullish, but the stock's rally has raised expectations.

AI chip leaders face renewed scrutiny as hot jobs data and rate hike fears jolt U.S. growth stocks, today, June 5, 2026.

Highflying memory-chip stocks Micron and Sandisk tumbled on Friday after hitting record highs on Wednesday.

Check out our earnings calendar for this week, as well as our previews and recaps of the more noteworthy reports.

Stock Market Today: The Dow Jones index rose Friday ahead of the May jobs report. Lululemon stock plunged on earnings.

The benchmark US stock measures were mostly tracking in the red before the open Friday as traders aw

By Medha Singh and Twesha Dikshit June 5 (Reuters) - S&P 500 and Nasdaq futures fell on Friday, as chipmakers lost steam following a strong rally and investors stayed cautious ahead of the May

Investors are slamming the brakes on the AI rally, dragging down shares in Broadcom, AMD, and Nvidia.

Investors who stayed invested in May were winners as a microchip-driven technology stock rally pushed ahead.

Broadcom’s AI forecasts, which some considered soft, triggered a sell-off in AI-linked stocks.

Shares have fallen in Asia, with South Korea’s benchmark dropping more than 5%, after sharp declines for some big artificial intelligence-related stocks in the U.S. On Wall Street on Thursday, computer chipmaker Broadcom’s shares sank 12.6% when it gave a forecast that fell short of investors’ expectations, raising concerns over the wider AI and technology sector. U.S. memory chip maker Micron Technology dropped 7.7%, and cybersecurity company CrowdStrike Holdings fell 3.8%.

The stock merely surrendered gains accumulated over the past week.

Investors in Micron Technology (MU) stock have laughed all the way to the bank over the past year, especially those who bought into the AI memory story early. Putting the rally in context, Micron stock has gained almost 100% in the past month alone and over 350% over the past six months, ...

Nasdaq 100 futures fell more than 1% as Broadcom's underwhelming AI chip guidance and escalating U.S.-Iran tensions pushed markets toward a second losing day

U.S. stock futures were mostly lower, led by losses in the Nasdaq-100, after Broadcom’s disappointing guidance.

$300 billion That's roughly how much market value Broadcom is slated to lose today after its results last night sent its shares sliding 13% premarket. The move underscores the high bar that companies tied to AI are now facing: The semiconductor and software maker logged strong quarterly revenue—fueled by demand for its AI chips—but left its 2027 outlook unchanged, sticking with guidance for AI semiconductor revenue of more than $100 billion.

High-flying tech stocks were struggling on Thursday after Broadcom's so-so revenue guidance failed to impress investors. Futures tracking the Nasdaq 100 were 1.1% lower as the tech-heavy index lagged behind both the S&P 500 and Dow Jones Industrial Average.

June 4 (Reuters) - S&P 500 and Nasdaq 100 futures fell on Thursday, as Broadcom's revenue miss pressured chip stocks, while equity investors took a breather after a strong rally to record highs.

Micron is scheduled to report fiscal third-quarter results on June 24.

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A look at the day ahead in European and global markets from Tom Westbrook Notwithstanding fresh hostilities in the Middle East, AI shares drove equity markets in Asia to new records on Wednesday.

The world's most valuable technology companies with the exception of Alphabet added billions ‌of dollars in market value in May, ‌as upbeat earnings outlooks and strong demand for AI chips fuelled ​a rally in their shares. Apple, memory chipmakers Micron Technology, Samsung Electronics and SK Hynix led the gains, adding $598 billion, $512 billion, $481 billion and $377 billion, respectively, in market value. Their ‌valuations rose to $4.58 ⁠trillion, $1.09 trillion, $1.10 trillion and $1.34 trillion, respectively.

Marvell stock jumped after Nvidia CEO Jensen Huang called the custom chip maker 'the next trillion-dollar company.'

By Stephen Nellis SAN FRANCISCO, June 2 (Reuters) - Micron Technology's march toward a $1 trillion valuation is nothing if not dramatic: a year ago it was a little over $100 billion.

By Stephen Nellis SAN FRANCISCO, June 2 (Reuters) - Micron Technology's march toward a $1 trillion valuation is nothing if not dramatic: a year ago it was a little over $100 billion.

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