Micron Technology faces market-cap wipeout as Broadcom pressures chip stocks

Micron, Marvell shares tumble as chip sector faces worst day in six years

Broadcom's weak AI chip guidance crashed semiconductors June 5: SOX -10.3%, $1 trillion erased, Micron -14%, Marvell -17%. Chip valuations had assumed unlimited AI growth; this repricing signals slower demand reality, forcing capex reassessment with Nvidia earnings as next bellwether.