AI chip stocks lost $1.3 trillion in value as Nvidia, AMD and Micron plunged amid Broadcom concerns and fading hopes of US rate cuts.
Investors were also unsettled by stronger-than-expected US jobs data, which reduced expectations of near-term interest rate cuts and added pressure on richly valued technology stocks.
U.S.-traded chipmakers plunged on
Friday, losing about $1.3 trillion in market value, with deep
losses in AI heavy hitters including Nvidia, Micron
Technology and Advanced Micro Devices, as
Chip selloff erases over $1 trillion in stock market value
$1.3 trillion wiped off Wall Street as AI rally slows; Nvidia slips 6%, Micron falls 13%
Micron Technology faces market-cap wipeout as Broadcom pressures chip stocks
Broadcom set to shed $300 billion in value as AI results fail to impress - The Economic Times
Tech stocks lead market bloodbath as fears of Fed rate hikes add to worries about the AI-fueled chip boom petering out | Fortune
US Stocks: Broadcom set to shed $300 billion in value as AI results fail to impress; shares fall 14%
Asian stocks take another hit from AI, Mideast worries
Micron, Marvell, and Broadcom lead chipmakers' premarket losses
Asia tech stocks drop after Broadcom rattles AI trade and drags Wall Street names lower
MU, NVDA, ORCL, MRVL: Why Are AI and Chip Stocks Bleeding Red Today?
June 5 : U.S.-traded chipmakers plunged on Friday, losing over $1 trillion in market value, with deep losses in AI heavy hitters…
US tech stocks came under heavy pressure on Friday, with semiconductor giants leading the decline as investors grew cautious…
Micron Technology lost $94 billion in market cap after Broadcom's AI chip guidance miss triggered a historic semiconductor…
Broadcom shares dropped significantly after its AI chip business results missed high expectations. This decline affected other…
"The lack of a reacceleration of wage growth in recent months points to a labor market that is stable, but not hot."
The losses, if sustained, will erase more than $315 billion from the company's market value of about $2.268 trillion, in one of…
