Micron Technology lost $94 billion in market cap after Broadcom's AI chip guidance miss triggered a historic semiconductor sell-off on June 4, 2026.

Micron Technology hit a $1 trillion market cap after an 18-19% stock surge driven by AI memory demand, Nvidia partnership, and a UBS price target of $1,625.

Broadcom has been one of the biggest beneficiaries of the AI race. Read more at straitstimes.com. Read more at straitstimes.com.

Investors punish Broadcom as strong AI growth falls short of hopes