business
Micron Drops 7% as Broadcom’s Disappointing AI Outlook Triggers a Semiconductor Selloff
Key takeaways
- San Disk fell 3% and Western Digital dropped 2% as Broadcom s underwhelming AI outlook spread contagion across the broader memory chip complex.
- Micron s revenue grew 57% last quarter and HBM orders stretch into 2027, but its 865% run amplifies every AI sentiment wobble.
- The analyst who called NVIDIA in 2010 just named his top 10 stocks and Broadcom wasn t one of them.
Micron Drops 7% as Broadcom’s Disappointing AI Outlook Triggers a Semiconductor Selloff David Moadel Thu, June 4, 2026 at 10:15 PM GMT+7 4 min read AVGO MU SNDK CRWD WDC Quick Read Broadcom s Q3 AI chip guidance of $16 billion missed the $17.2 billion estimate, sending AVGO down 14% and dragging MU down 7% in sympathy.
San Disk fell 3% and Western Digital dropped 2% as Broadcom s underwhelming AI outlook spread contagion across the broader memory chip complex.
Micron s revenue grew 57% last quarter and HBM orders stretch into 2027, but its 865% run amplifies every AI sentiment wobble.
Article preview — originally published by Yahoo Finance. Full story at the source.
Read full story on Yahoo Finance →
More top stories
Also covered by
Bloomberg Tech
Broadcom AI Chip Outlook Disappoints Investors
Bloomberg Tech
Broadcom Outlook Disappoints Investors Seeking AI-Fueled Blowout
Bloomberg Markets
US Stocks Drag as Broadcom's Outlook Fails to Impress | Bloomberg Brief 6/4/2026
Bloomberg Markets
Iran Says No Progress in US Talks & Broadcom AI Chip Outlook Disappoints | The Pulse 6/4/2026
Aggregated and edited by the Scoop newsroom. We surface news from Yahoo Finance alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop