Micron is down double digits following Broadcom's earnings and the rotation out of semiconductor stocks.
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The reel discusses the end of the S&P 500's 10-week winning streak, attributing it to strong jobs data and...
Jun 6, 2026
The reel discusses the end of the S&P 500's 10-week winning streak, attributing it to strong jobs data and a hawkish shift in interest rate expectations. It highlights the impact on the semiconductor sector, with Broadcom's earnings causing a sell-off, and mentions Nvidia, AMD, and Micron's performance. Despite broader market volatility, the creator suggests money will continue to flow into the AI infrastructure space.
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AMD is down double digits following Broadcom's earnings and the rotation out of semiconductor stocks.
Nvidia plunged 6% following Broadcom's earnings report, contributing to a broader sell-off in the AI and semiconductor sectors.
Broadcom's earnings report triggered a significant sell-off across the AI and semiconductor sectors, wiping out $1.3 trillion in chip stocks.
The iShares Semiconductor ETF (SOXX) is experiencing a brutal rotation out of the sector following Broadcom's earnings report.