Nasdaq Suffers Biggest Drop Since April 2025 as Strong May Jobs Report, AI Spending Fears Fuel $1.3 Trillion Chip Rout
Wall Street's nine-week winning streak ended as a strong May jobs report and worries about artificial-intelligence spending hit technology shares, dragging the Nasdaq to its biggest daily drop since April 2025. US-traded chipmakers plunged, losing about $1.3 trillion in market value as the data stoked fears of a hawkish Federal Reserve.
The labor report showed the US economy added jobs for a third consecutive month in May, signaling the labor market is gaining traction after last year's slowdown and giving the Federal Reserve room to hold interest rates steady. In decentralized-finance markets, more than $100 million in liquidations occurred on Aave over the past 24 hours.
From the sources (25 posts)
@financialjuice$AVGO Broadcom Q2 Earnings Adjusted EPS $2.44, est. $2.39 Adjusted revenue $22.19B, est. $22.13B Semiconductor solutions revenue $15.01B, est. $14.65B Sees Q3 revenue approximately $29.4B, est. $28.61B
@wallstengine$AVGO Q2’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $22.187B (Est. $22.13B) 🟢; +48% YoY 🔹 Adj. EPS: $2.44 (Est. $2.39) 🟢; +54% YoY 🔹 Semiconductor Solutions: $15.009B (Est. $14.65B) 🟢; +79% YoY 🔹 AI Semiconductor: $10.8B (buyside Est. $11.3B) 🟡; +1
@zerohedgeBROADCOM SEES 3Q REV. ABOUT $29.4B, EST. $28.61B Adj EPS $2.44, estimate $2.39 Adj net revenue $22.19 billion, estimate $22.13 billion Semiconductor revenue $15.01BN, est $14.65BN Infrastructure software revenue $7.18BN, est $7.23BN
@stocksavvyshay$AVGO Q2 EARNINGS • Revenue $22.2B vs Est. $22.1B • EPS $2.44 vs Est. $2.39 • EBITDA $15.2B vs Est. $14.9B • FCF $10.3B vs Est. $11.8B • AI Semiconductor $10.8B vs. $11.3B (+143% YoY) Q3 Guidance • Revenue $29.4B vs Est. $28.7B • EBITDA M
@financialjuice$AVGO Sees Q3 AI semiconductor revenue $16.0B, est. $17.2B
@businessBroadcom delivered a forecast for the current period that disappointed investors, signaling that AI-fueled sales are growing more slowly than some had anticipated
@stockmktnewzBroadcom $AVGO stock is down by 6% in after-hours 🔴🔴🔴🔴🔴🔴
@negligible_cap*BROADCOM SHARES EXTEND DECLINE TO 12% DURING EARNINGS CALL Hock Tan accidentally started the $AVGO call reading the Q2 2025 prepared remarks. Rough start. $AVGO down 12% now
@wallstengine$AVGO CEO ON AI SEMI GROWTH During the Q, bookings for AI semiconductors were over $30B, For H2, We expect AI semiconductor rev to 2X from the H1 For the FY26 we expect to achieve AI semiconductor rev of $56B, up 180% YoY. Reiterate AI sem
@wallstengine$AVGO CEO ON AI GIGAWATT DEMAND “The dollars per gigawatt... is relatively stable. But the number of gigawatts will keep growing... accelerate.” “We’re talking about compute capacity... way ahead of what we fully expected, say, six months
@wallstengineAVGO CEO ON 2027 / 2028 AI GIGAWATTS “For 2027, we indicated about 10 gigawatts shipment... that’s still very much intact. We are planning to ship 10 gigawatts in 2027... nothing has changed. 2028, we expect a lot more gigawatts.” https://
@stocksavvyshay$AVGO CEO said its 2027 plan to ship 10GW of AI compute capacity is “still very much intact” with “a lot more gigawatts” expected in 2028. AI compute demand is accelerating faster than expected while dollars per gigawatt remain relatively
@stocksavvyshay$AVGO is down over 13% after management kept its AI targets at 10GW in 2027 and $100B+ long term instead of raising guidance like prior quarters. The pressure is also margin-related with $GOOGL TPU growth carrying lower gross margins than
@wallstengine$AVGO CEO ON AI BOOKINGS / VISIBILITY “Customers have been coming to us incrementally over the last few months. Expect that to continue. Our visibility runs all the way to 2028 right now. Three months ago... visibility ran pretty much to 2
@wallstengine$AVGO CEO ON ENTERPRISE AI DEMAND “Enterprise consuming AI is still relatively at an early stage of the game.” “Most of these token consumption are tied to those LLMs... Anthropic, OpenAI, Gemini. That’s what’s driving this very large...
@zerohedgeBroadcom Crashes After AI Chip Revenue Forecast Misses
@alphasenseinc$AVGO reported record Q2 2026 results driven by explosive AI semiconductor demand, with management emphasizing sustained margin strength despite significant product mix shifts, while providing aggressive guidance for continued AI revenue ac
@alphasenseinc$AVGO CEO Hock Tan says the number of gigawatts required for compute capacity is growing very fast. For Anthropic and OpenAI alone, the capacity in gigawatts is way ahead of what they fully expected 6 months ago. Folding in $GOOGL and their
@polymarketJUST IN: Broadcom shares plunge after-hours, wiping out more than $250,000,000,000.00 in market value.
@ftBroadcom loses more than $250bn in market value as revenue forecast disappoints
@stocksavvyshay$AVGO said the company entered an agreement to give Anthropic access to another 5GW of next-generation $GOOGL TPU-based compute starting in 2027.
@cnbcEuropean stocks set for mixed open after global tech sell-off
@reutersRT @ReutersOI: 🔊 The latest US jobs report looms, South Korean shares slide amid the broader chip sell-off and private credit nerves grow.…
@zerohedgeRT @themarketear: The first crack? KOSPI just got slammed, SK Hynix is down nearly 10%, and one of the market's most crowded trades is fac…
@reuters📉 Broadcom just clocked up one of the worst single-day falls in Wall Street history — and South Korea's stock market is feeling the pain. We break it down on today's Reuters Morning Bid podcast