Broadcom shares fell 6.85% on June 4, 2026, after the earnings release for fiscal Q2 2026, erasing over $280 billion in market value in a single session. The company projected AI revenue of approximately $17.2 billion, falling short of analyst expectations and sparking investor concerns. Analysts flagged the rising proportion of lower-margin custom processors in the product mix and management’s decision not to raise long-term targets despite 143% year-over-year growth. The decline also dragged down Micron, which fell roughly 7%, highlighting broader sector contagion in semiconductors.
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