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SMCX Sank 67% in a Year While the Underlying Stock Rose 2%
Key takeaways
- SMCX Sank 67% in a Year While the Underlying Stock Rose 2% Austin Smith Mon, June 8, 2026 at 4:00 PM GMT+7 7 min read SMCI SMCX AVGO NVDA GOOG Quick Read SMCX s 22% single-day crash exposes a deeper problem.
- Broadcom missed Q3 AI revenue consensus by 7% and CEO Hock Tan suggested Google may diversify chip suppliers, sending AVGO down 13-15% and triggering the sector selloff.
- SMCI s Q3 revenue missed consensus by 18%, and its reliance on NVIDIA Blackwell GPU allocations means any hyperscaler supplier diversification directly shrinks its order book.
SMCX Sank 67% in a Year While the Underlying Stock Rose 2% Austin Smith Mon, June 8, 2026 at 4:00 PM GMT+7 7 min read SMCI SMCX AVGO NVDA GOOG Quick Read SMCX s 22% single-day crash exposes a deeper problem. One-year holders are down 67% while the underlying SMCI gained 2% over the same period.
Broadcom missed Q3 AI revenue consensus by 7% and CEO Hock Tan suggested Google may diversify chip suppliers, sending AVGO down 13-15% and triggering the sector selloff.
SMCI s Q3 revenue missed consensus by 18%, and its reliance on NVIDIA Blackwell GPU allocations means any hyperscaler supplier diversification directly shrinks its order book.
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