# US technology stocks set to rebound after $1.3T rout > Source: > Published: 2026-06-24 07:07:30+00:00 # US technology stocks set to rebound after $1.3T rout Broadcom's guidance miss sparked a sector-wide selloff, but some investors see the dip as an entry point into AI Somewhere between the hype and the reality of artificial intelligence, a $1.3 trillion bill came due. US semiconductor and technology stocks suffered a sharp, single-day wipeout on June 5, 2026, erasing roughly $1.3 trillion in combined market value after investors decided the AI trade had gotten a little ahead of itself. The proximate cause was Broadcom. The chipmaker released its fiscal Q2 earnings on June 4, and the numbers themselves were not the problem. The problem was what comes next. ## What Broadcom actually said For Q3, Broadcom projected AI chip sales of $16 billion. Street expectations were sitting at $17.2 billion. In English: Broadcom told analysts to expect roughly $1.2 billion less in AI chip revenue than they had modeled, and the market responded the way markets do when a growth story hits a speed bump. Broadcom shares dropped more than 12% following the report. The company also declined to raise its long-term revenue forecast of over $100 billion for fiscal 2027, which had been another lever investors were watching. No upgrade to the long-term number, combined with a near-term guidance miss, gave sellers all the permission they needed. The damage spread well beyond Broadcom. Semiconductor stocks broadly fell in sympathy, reflecting how tightly correlated the sector had become around the AI narrative. ## The $1.3T question: buying opportunity or warning sign? Nvidia CEO Jensen Huang stepped into the conversation and offered his read: the selloff was an “AI buying chance.” His argument is that the long-term demand for AI compute has not changed because one chipmaker’s quarterly guidance came in light. Rising bond yields added another layer of pressure. Higher yields make the discounted value of future earnings worth less today, which disproportionately punishes high-multiple growth stocks. By mid-to-late June, futures and semiconductor stocks showed modest signs of stabilization. Some investors moved to add exposure, treating the pullback as exactly the kind of entry point Huang described. ## Crypto felt it too The tech selloff did not stay contained to traditional equity markets. Bitcoin fell to around $62,300, a decline of approximately 2.5%, as risk appetite dried up across asset classes. AI-adjacent tokens took a harder hit. FET, RENDER, and TAO each declined between 3% and 5% by June 23. These tokens carry a direct narrative link to the AI sector, so when the underlying equity story weakens, the token valuations that were built on similar assumptions follow. **Disclosure:** This article was edited by Editorial Team. For more information on how we create and review content, see our [Editorial Policy](https://cryptobriefing.com/editorial-policy/).