Broadcom’s stock dropped roughly 6.85% to its lowest intraday level amid investor concerns about the company’s AI revenue trajectory and the composition of its chip product mix.
What actually happened
The most dramatic single-day damage came on June 4, 2026, when Broadcom shares fell more than 14% following a fiscal Q2 2026 earnings release that landed well below the elevated bar the market had set.
The company projected AI revenue of around $17.2 billion, a figure that fell short of what analysts had priced in, wiping out more than $280 billion in market value in a single session.
The sell-off was not contained to Broadcom alone. Micron dropped approximately 7% in sympathy.
