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

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.