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Bitcoin plunges to near $62,000 as the AI trade unwinds, HYPE falls 14%
Broadcom's disappointing AI chip outlook pulled the Nasdaq lower for a third session, dragged Asian equities down with it, and took crypto along for the ride.
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zerohedge.com
Broadcom Crashes After AI Chip Revenue Forecast Misses
Broadcom forecast that AI semiconductor revenue will be $16 billion in Q3, missing analyst estimates of $17.2 billion.
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swissinfo.ch
Asian Stocks Drop After Broadcom Outlook, Oil Dips: Markets Wrap
(Bloomberg) -- Asian stocks fell alongside US equity-index futures as the AI-fueled rally that powered global equities to record highs lost momentum after a weak forecast from…
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Stocks Fall From Record on Broadcom Miss, Oil Dips: Markets Wrap
(Bloomberg) -- Asian stocks fell alongside US equity-index futures as the AI-fueled rally that powered global equities to record highs lost momentum after a weak forecast from…
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US Stocks Retreat as Broadcom Miss Tests AI Trade: Markets Wrap
(Bloomberg) -- US stocks fell after a disappointing outlook from Broadcom Inc. raised doubts that the blistering rally in technology shares had gone too far.
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Nasdaq Futures Tumble as Broadcom Tests AI Trade: Markets Wrap
(Bloomberg) -- Stocks fell after a disappointing outlook from Broadcom Inc. triggered doubts that the blistering rally in technology shares had gone too far.
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Nasdaq Futures Fall 1% as Broadcom Tests AI Trade: Markets Wrap
(Bloomberg) -- Stocks fell after a disappointing outlook from Broadcom Inc. triggered doubts that the blistering rally in technology shares had gone too far.
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businessday.co.za
Broadcom tumbles as AI boom fails to meet lofty expectations
Investors punish Broadcom as strong AI growth falls short of hopes
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economictimes.indiatimes.com
Broadcom set to shed $300 billion in value as AI results fail to impress - The Economic Times
Broadcom shares dropped significantly after its AI chip business results missed high expectations. This decline affected other chip companies too. Despite the setback, Broadcom's…
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US Stocks: Broadcom set to shed $300 billion in value as AI results fail to impress; shares fall 14%
The losses, if sustained, will erase more than $315 billion from the company's market value of about $2.268 trillion, in one of the biggest one-day wipeouts ever.
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Nasdaq 100 Declines as Broadcom Tests AI Trade: Markets Wrap
(Bloomberg) -- A selloff in high-flying chipmakers weighed on stocks, with Broadcom Inc.’s underwhelming outlook testing the artificial-intelligence trade that has powered the…
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cryptobriefing.com
Broadcom's AI chip forecast falls short, shares tumble over 13% wiping out $250B in market value
Broadcom's AI chip revenue surged 143% YoY to $10.8B, but its Q3 forecast of $16B missed estimates, triggering a 13%+ stock drop and $250B in lost value.
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cnbc.com
Asia tech stocks drop after Broadcom rattles AI trade and drags Wall Street names lower
Asian technology shares fell, tracking losses in U.S. semiconductor stocks after disappointing earnings Broadcom sparked a rotation out of AI-linked names.
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france24.com
Asian stocks take another hit from AI, Mideast worries
Asian equities went into reverse Friday on continued worries about the AI trade after disappointing forecasts from chip titan Broadcom, while investors were also keeping a wary…
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channelnewsasia.com
Asian stocks take another hit from AI, Middle East worries
HONG KONG: Asian equities went into reverse on Friday (Jun 5) on continued worries about the artificial intelligence trade after disappointing forecasts from chip titan Broadcom,…
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coindesk.com
Bitcoin plunges to near $62,000 as the AI trade unwinds, HYPE falls 14%
Broadcom's disappointing AI chip outlook pulled the Nasdaq lower for a third session, dragged Asian equities down with it, and took crypto along for the ride.
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silicon.co.uk
Broadcom Shares Slump Over AI Disappointment | Silicon
After two-week rally, investors wipe $285bn from Broadcom market capitalisation amid sky-high AI chip expectations
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edition.cnn.com
Nasdaq sinks 4% and has worst day in a year on AI weakness, rising odds for Fed rate hike | CNN Business
Investors sold stocks, bonds, bitcoin and gold Friday after strong jobs data raised odds for Federal Reserve interest rate hikes, and Wall Street wrestled with weakness in AI…
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thehindubusinessline.com
AI chip stocks lose $1.3 trillion as Nvidia, AMD and Micron lead semiconductor selloff
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.
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timesofindia.indiatimes.com
$1.3 trillion wiped off Wall Street as AI rally slows; Nvidia slips 6%, Micron falls 13%
US tech stocks came under heavy pressure on Friday, with semiconductor giants leading the decline as investors grew cautious about artificial intelligence-fuelled valuations and…
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NASDAQ sinks 4% as AI stocks tumble on rate-hike fears
The Nasdaq dropped nearly 4% as AI stocks including Nvidia, Broadcom, and Micron tumbled on rate-hike fears, dragging Bitcoin below $60,000.