Broadcom gave us a disappointing 2Q26 report and a worse outlook. We got no upward revision to the $100B+ figure for 2027 and an unignorable gross margin step down from 77.1% to 74%. AVGO stock's valu
The semiconductor trade is losing steam following Broadcom's earnings report.
Investors are eager for clues that the blockbuster AI spending that has powered markets higher in recent months is slowing. They may not like everything they see.
At midday, the S&P 500 (^GSPC +0.39%) had edged up 0.17% to 7,566.72 as sector rotation offset chip weakness. The Nasdaq Composite (^IXIC 0.15%) slipped 0.39% to 26,749.70 on a semiconductor sell-off,
AVGO tops Q2 estimates as AI semiconductor demand fuels record revenue growth and a stronger third-quarter outlook.
The blue-chip Dow was boosted by UnitedHealth and financials shares, while Boradcom weighed on the Nasdaq.

Why Micron Stock Crashed Today

12:08pm, Thursday, 04'th Jun 2026
Everyone hates Broadcom stock today, and Micron is getting caught in the storm.
Broadcom Inc. (NASDAQ:AVGO) stock plunged roughly 15% after the semiconductor giant reported fiscal second-quarter results that beat Wall Street estimates but failed to deliver the one thing investors

Broadcom shares fall post earnings

11:29am, Thursday, 04'th Jun 2026
CNBC's Kristina Partsinevelos reports on Broadcom's quarterly earnings results.
Broadcom's latest quarterly results and forecasts topped Wall Street's estimates. So why is the stock slumping, and leading other chip stocks lower?
Shares of Broadcom Inc (NASDAQ:AVGO, XETRA:1YD) fell more than 14% on Thursday after the chipmaker's fiscal third-quarter AI revenue guidance and its reiteration of a full-year 2027 target fell short
Shares of Micron Technology (NASDAQ:MU | MU Price Prediction) are down by about 7% to $1,004 in mid-morning trading on Thursday, June 4, after Broadcom (NASDAQ:AVGO) delivered an AI chip outlook that

Broadcom Q2: Reality Check As Expectations Bite

10:50am, Thursday, 04'th Jun 2026
Shares in Broadcom are declining despite the release of very strong Q2 results. The declines follow a nearly 40% increase since my last update on the stock in March. In that piece, I warned that the m
Technology stocks came under heavy pressure on Thursday after Broadcom's latest outlook failed to satisfy investors who had been betting on an even faster acceleration in artificial intelligence-relat
The stock market loves a fresh narrative. Every time a new Federal Reserve chair takes office, investors immediately begin looking for clues about what comes next: lower rates, higher rates, easier mo
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