Dow Jones futures fell slightly after hours, along with S&P 500 futures and Nasdaq futures. The May jobs report is on tap before Friday's open. The stock market saw the Dow Jones jump to a record high, aided by lower oil prices and Treasury yields.
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<body><p>STORY: Wall Street advanced on Thursday but disappointing results from Broadcom led a chip selloff that held the Nasdaq's gains in check.</p><p>Broadcom's revenue expectations sent its shares tumbling and cast a pall over the AI frenzy, which has sent chip stocks soaring so far this year.</p><p>"Traders, investors in the markets are anticipating potentially falling margins in the future because of the shift in Broadcom's business," said Rathbun. "Now, this actually has implications for the rest of AI."</p><p>Rathbun also said rising expenses tied to infrastructure, partnerships and raw materials could eventually create margin pressure if companies are not able to pass those costs on to customers. </p></body>
It’s not every day the most influential CEO in artificial intelligence publicly anoints another semiconductor company as the next trillion-dollar stock. That is what happened when NVIDIA’s Jensen Huang praised Marvell Technology (NASDAQ:MRVL) onstage at the Computex AI Exhibition in Taiwan. After Huang’s quotes, a CNBC Halftime Report segment dove into what Huang said that ... Nvidia’s CEO Sees Marvell Becoming the Next $1 Trillion Company. Shares Gained Another 5% Today.
Micron Slumps as AI Chip Selloff Sparks Sector-Wide Panic After Broadcom Shock

While AI chip stocks like Broadcom (AVGO) have hit some speed bumps this week, should investors still be betting on the long-term resiliency of the AI trade? MassMutual head of investment strategy Kelly Kowalski tells Julie Hyman why this may be considered a "healthy" pause for AI stocks.
Broadcom's selloff renews scrutiny on elevated semiconductor valuations after a two-year AI-driven rally.
A recent quarterly report from another AI player is weighing on AMD stock today.
Shares of Broadcom crashed after the company reported earnings, even though the numbers were strong.
US equity indexes rose in midday trading Thursday amid a broad-based rally as a decline in crude oil
It's time for a bit of a reality check. Chip stocks are losing value while the broader market is getting a boost. Evidence rests in PHLX Semiconductor, popularly known as SOX, which was down 1.7% this afternoon.

Bernstein managing director and senior analyst Stacy Rasgon explains how he views the growing divergence between AI hardware companies, like Broadcom (AVGO) and Nvidia (NVDA), and software names.
Broadcom's AI chip news isn't as bad for Sandisk as you might have heard.
Broadcom's (AVGO) decision not to upgrade its 2027 artificial intelligence guidance apparently disap
US equity indexes were mixed in midday trading on Thursday amid a decline in technology shares, gove
Broadcom is erasing nearly $320 billion in market value — the third-worst for US public stocks.
Nasdaq Falls as Broadcom Rout Overshadows Stronger Dow Surge
With strong hedge fund and Wall Street support, Broadcom Inc. (NASDAQ:AVGO) ranks among the best AI infrastructure stocks and has 8.6% upside potential. Broadcom Inc. (NASDAQ:AVGO) heads into its quarterly report with analysts expecting the company’s AI-driven growth to remain firmly intact. On June 1, 2026, Morgan Stanley analyst Joseph Moore raised the firm’s price […]
Broadcom stock fell Thursday after the tech giant missed Wall Street's lofty estimates with its AI chip sales targets.
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Broadcom's (AVGO) fiscal Q2 results and Q3 guidance only modestly exceeded Street expectations, but
Can a single comment add more than $70 billion of market value to a company overnight.
Broadcom did everything right in Q2, but investors are selling it off anyway.
📣 “There's nothing to support the fact that all these companies should be dumped, just because Broadcom’s got a problem...Today’s tech sell-off is an overreaction to Broadcom’s results because there’s no evidence to suggest that the AI trade is weakening.