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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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coindesk.com
Bitcoin price news: BTC may face deeper losses as capital chases AI stocks, K33 says
The firm still views bitcoin as undervalued relative to equities, but says investors are rotating into AI stocks as the opportunity cost of missing gains by holding BTC is too…
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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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straitstimes.com
Broadcom shares tumble after its AI chip forecast disappoints investors
Broadcom has been one of the biggest beneficiaries of the AI race. Read more at straitstimes.com. Read more at straitstimes.com.
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cryptobriefing.com
Broadcom's forecast disappoints as AI sales growth slows, stock drops 11%
Broadcom's Q2 AI revenue surged 143% to $10.8 billion, but Q3 guidance of $16 billion missed Wall Street's $17.2 billion estimate, sparking an 11-13% stock
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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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Asian Stocks Retreat From Record on Tech, 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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Broadcom shares fall 4% despite record $22B revenue and 143% AI chip growth
Broadcom posted record $22.19B revenue and 143% AI chip growth, but shares dropped 4% after hours as investors sold the news on sky-high expectations.
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Bitcoin briefly drops below $62,000 as $1.5 billion in crypto longs get wiped out
Presto Research says bitcoin's drawdowns this year have coincided with rallies in AI stocks and gold as markets scale back expectations for Fed rate cuts.
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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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channelnewsasia.com
Broadcom set to shed $300 billion in value as AI results fail to impress
June 4 : Broadcom shares slumped more than 14 per cent on Thursday, dragging chip peers lower, after the company's results fell short of lofty expectations around demand for its…
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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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euronews.com
AI giant Broadcom sheds $300bn as outlook misses sky-high expectations
The American chipmaker Broadcom reported a 48% revenue surge and AI semiconductor sales up 143%, but its refusal to raise its long-term sales target sent shares tumbling more than…
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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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benzinga.com
What Is Going On With AMD Stock On Thursday? - Advanced Micro Devices (NASDAQ:AMD)
AMD stock dips 3.82% to $521.82 in premarket trading as Broadcom repeats rather than raises its AI revenue guidance, triggering short-term profit-taking.
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qz.com
Broadcom Q2 earnings miss drags Nasdaq futures lower
Nasdaq 100 futures fell more than 1% as Broadcom's underwhelming AI chip guidance and escalating U.S.-Iran tensions pushed markets toward a second losing day
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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…