Broadcom reported a record quarter with revenue up 47.9% driven by custom AI chips for cloud giants, expecting AI revenue to exceed $16 billion next quarter. Qualcomm posted a slight revenue decline due to weaker handset sales but saw strong growth in automotive and licensing, with a new data center chip shipment expected later this year. Broadcom is seen as a leader in AI infrastructure, while Qualcomm offers a more diversified but riskier profile. Investors await Qualcomm's June 24 Investor Day for further clarity on its AI and data center strategies.
The recent market pullback, especially in tech stocks, is viewed as a profit-taking event rather than a sign of stagflation. Strong May payroll data closes the door on interest rate cuts this year, but the selloff is mainly in speculative and AI-rela...
Broadcom's stock dropped after earnings but remains strongly favored by analysts, with 44 out of 48 rating it a Buy or Strong Buy. Mizuho's bullish forecast highlights a potential surge in Broadcom's AI chip shipments, projecting over 35 million tens...
The SPDR S&P Semiconductor ETF (XSD) fell 11.27% on June 5, 2026, its worst session in years, driven by a broad selloff across semiconductor stocks rather than just Broadcom's decline. Broadcom reported strong AI revenue growth but slightly missed hi...
The Roundhill Memory ETF fell 15% on June 5, 2026, after a two-day 20% drop driven by concerns over AI semiconductor demand and rising interest rates. Broadcom's weaker-than-expected AI revenue guidance and a strong May payroll report raised fears of...
ProShares UltraPro QQQ (TQQQ), a 3x leveraged ETF tracking the Nasdaq-100, fell 14.28% in one day following a 4.8% drop in the underlying QQQ. The selloff was triggered by Broadcom's weak AI semiconductor revenue guidance and a strong May jobs report...
