Intel, AMD, Micron shares sink as Broadcom results spark semiconductor sector sell-off
Key takeaways
- High-flying memory and storage names Micron (MU) and SanDisk (SNDK) also tumbled 6% and 4% respecitvely in premarket trading.
- The selloff rippled across the semiconductor sector, with investors heading for the exits after a blistering rally that pushed many chip stocks to record highs.
- What else you need to know: Semiconductors have led the broader stock market advance to all-time highs, with many names posting outsized gains in recent weeks.
Intel, AMD, Micron shares sink as Broadcom results spark semiconductor sector sell-off Ines Ferré · Senior Business Reporter Thu, June 4, 2026 at 8:01 PM GMT+7 1 min read INTC AVGO MU SNDK MRVL What happened: Semiconductor stocks, including Intel (INTC), AMD (AMD), Arm Holdings (ARM), and Marvell Technology (MRVL), fell more than 3% pre-market on Thursday as the broader chip sector came under pressure following a disappointing outlook from custom AI chip designer Broadcom (AVGO).
High-flying memory and storage names Micron (MU) and SanDisk (SNDK) also tumbled 6% and 4% respecitvely in premarket trading.
What s behind the move: A weaker-than-expected AI chip outlook from Broadcom, coupled with the company s decision to reiterate rather than raise its 2026 guidance, sent shares of the Palo Alto-based company plunging nearly 15%.