TechFlow News, June 4: According to Bitget market data, U.S. equities opened with the Dow Jones Industrial Average up 1%, the S&P 500 down 0.4%, and the Nasdaq Composite down 1%. Broadcom (AVGO.O) plunged 14% following its earnings release, pushing its total market capitalization below $2 trillion, as its AI chip revenue guidance fell short of market expectations.
Semiconductor stocks faced broad pressure and declined across the board in the U.S. semiconductor and memory sectors, including: Micron Technology (MU.O), down 6.7%; Arm (ARM.O), down 7.3%; Marvell Technology (MRVL.O), down 5.89%; NVIDIA (NVDA), down 0.53%; Intel (INTC), down 3.21%; Advanced Micro Devices (AMD), down 5.10%; Broadcom (AVGO), down 13.69%; Qualcomm (QCOM), down 3.22%; Seagate Technology (STX), down 5.23%; Western Digital (WDC), down 2.97%; and SanDisk (SNDK), down 5.34%.
Meanwhile, crypto-related stocks showed mixed performance: MicroStrategy (MSTR), up 0.50%; Coinbase (COIN), down 0.52%; Circle (CRCL), down 0.63%; and SharpLink Gaming (SBET), down 1.02%.
