Technology stocks fell sharply Friday as a stronger-than-expected jobs report pushed bond yields higher, reducing the likelihood of near-term interest rate cuts and weighing on high-valuation momentum…
Micron Technology lost approximately $94 billion in market capitalization on June 4 after Broadcom's disappointing AI chip guidance triggered a sector-wide sell-off. Micron shares fell 7.7% in the com…
Broadcom CEO Hock Tan said Thursday the company is deprioritizing acquisitions because its AI business is growing faster than any deal could deliver. Speaking at the Bloomberg Tech conference in San F…
Analysts are evaluating Broadcom's latest AI revenue guidance after the company reported fiscal fourth-quarter results that beat expectations, with AI-related revenue surging 220% year-over-year to $1…
Asian equities slid on June 5, led by South Korea's Kospi which fell more than 5% in early trading after Broadcom's disappointing AI-chip guidance triggered a broad selloff in semiconductor stocks. Sa…
Broadcom shares fell 14-15% after the company reported fiscal Q2 2026 earnings on June 3, despite beating revenue and earnings estimates, as an unchanged full-year AI revenue target of $100B disappoin…
Broadcom shares fell sharply despite the company reporting record quarterly revenue, as investors focused on a revenue forecast that fell short of the highest expectations in the AI-driven semiconduct…
Seoul shares fell nearly 4% late Friday morning as investors locked in profits from a recent tech-led rally, with the Korea Composite Stock Price Index (KOSPI) losing 334.97 points, or 3.88%, to 8,304…
Asian technology stocks fell on Friday, June 5, 2026, after Broadcom's disappointing artificial intelligence revenue outlook triggered a sell-off in U.S. chip shares that spread to Asian markets. Broa…
Seoul shares plunged sharply Friday, with the KOSPI falling 5.2 percent to 8,190.25, driven by a tech sector selloff and uncertainty over the U.S.-Iran peace deal. Program trading was suspended after …
Broadcom is emerging as a potentially dominant but overlooked player in the artificial intelligence chip market, with analysts pointing to its custom AI accelerator chips and networking technology as …
The S&P 500 rose Thursday while the Nasdaq 100 fell as Broadcom's failure to raise its AI chip revenue forecast dragged semiconductor stocks lower. Information technology was the worst-performing sect…
Broadcom shares plunged over 13% in after-hours trading on June 3, wiping out more than $250 billion in market value, after the company's third-quarter AI chip revenue forecast of $16 billion fell sho…
Broadcom shares fell sharply after the company issued a disappointing outlook for its AI chip sales, signaling slower-than-expected growth in a key revenue driver. The semiconductor firm's forecast fe…
Broadcom reported fiscal second-quarter 2026 revenue of $22.19B, missing analyst estimates of $22.27B, despite a 143% surge in AI chip sales to $10.8B. Shares dropped over 13% in extended trading on J…
TSMC CEO C.C. Wei told shareholders on June 4 that global chip supply will lag behind AI-driven demand for years, with advanced-node capacity sold out through at least 2027. The world's largest chipma…
Micron and Sandisk shares fell more than 6% on Thursday after Broadcom's disappointing results dragged down the AI sector, while a Reuters report that SK Hynix received strong investor backing for its…
Nasdaq futures fell sharply Friday after Broadcom issued a disappointing forecast for AI chip sales, sending its shares down more than 10% in premarket trading. The semiconductor giant's weaker-than-e…
Broadcom’s failure to raise its AI revenue target for fiscal 2027 triggered a 12% premarket stock drop, dragging down the broader AI complex and major indices. The semiconductor company’s full-year gu…
SpaceX's amended IPO filing includes language suggesting the company may issue equity for future transactions, signaling a potential merger with Tesla. The IPO also reserves 5% of shares—worth $3.75 b…