Shares of Broadcom crashed after the company reported earnings, even though the numbers were strong.
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US equity indexes rose in midday trading Thursday amid a broad-based rally as a decline in crude oil
It's time for a bit of a reality check. Chip stocks are losing value while the broader market is getting a boost. Evidence rests in PHLX Semiconductor, popularly known as SOX, which was down 1.7% this afternoon.

Bernstein managing director and senior analyst Stacy Rasgon explains how he views the growing divergence between AI hardware companies, like Broadcom (AVGO) and Nvidia (NVDA), and software names.
Broadcom's AI chip news isn't as bad for Sandisk as you might have heard.
Broadcom's (AVGO) decision not to upgrade its 2027 artificial intelligence guidance apparently disap
US equity indexes were mixed in midday trading on Thursday amid a decline in technology shares, gove
Broadcom is erasing nearly $320 billion in market value — the third-worst for US public stocks.
Nasdaq Falls as Broadcom Rout Overshadows Stronger Dow Surge
With strong hedge fund and Wall Street support, Broadcom Inc. (NASDAQ:AVGO) ranks among the best AI infrastructure stocks and has 8.6% upside potential. Broadcom Inc. (NASDAQ:AVGO) heads into its quarterly report with analysts expecting the company’s AI-driven growth to remain firmly intact. On June 1, 2026, Morgan Stanley analyst Joseph Moore raised the firm’s price […]
Broadcom stock fell Thursday after the tech giant missed Wall Street's lofty estimates with its AI chip sales targets.
Artificial intelligence has turned semiconductor stocks into the market’s biggest winners. Nvidia (NASDAQ:NVDA), Broadcom (NASDAQ:AVGO), Advanced Micro Devices (NASDAQ:AMD), and other chipmakers have captured investors’ attention as demand for AI infrastructure continues to climb. But what if one of the fastest-growing chip businesses isn’t actually a semiconductor company at all? That’s the question investors should ... Amazon’s $50 Billion Chip Secret: Why It Could Become Nvidia’s Biggest AI R
Broadcom's (AVGO) fiscal Q2 results and Q3 guidance only modestly exceeded Street expectations, but
Can a single comment add more than $70 billion of market value to a company overnight.
Broadcom did everything right in Q2, but investors are selling it off anyway.
📣 “There's nothing to support the fact that all these companies should be dumped, just because Broadcom’s got a problem...Today’s tech sell-off is an overreaction to Broadcom’s results because there’s no evidence to suggest that the AI trade is weakening.

Broadcom (AVGO) stock sinks further in Thursday trading despite topping estimates for fiscal second quarter earnings and revenue, while also outpacing forecasts on third quarter guidance. Northwestern Mutual Wealth Management Company CIO Brent Schutte joins Yahoo Finance Senior Reporters Ines Ferré and Brooke DiPalma in assessing Broadcom's post-earnings stock reaction compared to other AI players.
June 4 (Reuters) - The S&P 500 and the Nasdaq dropped at the open on Thursday, as Broadcom's revenue miss pressured chip stocks, while equity investors took a breather after a strong rally to record
Investing.com -- Investment bank Macquarie has downgraded Broadcom from Outperform to Neutral, citing growing concerns that key customer Google is increasingly developing its own artificial intelligence (AI) chip capabilities and diversifying suppliers. The firm also cut its 12-month price target on Broadcom by 15% to $437 per share, down from $513.
Hundreds of billions of dollars are set to be wiped off the value of US microchip giants amid fears that the AI boom is running out of steam.
Shares of Broadcom (NASDAQ:AVGO) are down 14% in Thursday morning trading, sinking to around $410 after closing Wednesday at $479.23. The reversal follows the company’s fiscal Q2 2026 earnings release after the close on June 3. The pain is spreading. Advanced Micro Devices (NASDAQ:AMD) is off 4% to around $521, and Intel (NASDAQ:INTC) is down ... Broadcom Sinks 14% on Soft AI Chip Outlook Despite Earnings Beat, Dragging Down AMD and Intel
Citi urged investors to buy the post-earnings dip in AVGO stock, reiterating its ‘Buy’ rating and $500 price target.
Broadcom Stock Tumbles As Investors Demand More From AI Boom