Futures Slide After Broadcom Forecast Miss Chills Tech Euphoria

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Source: Zero Hedge
Published: 2026-06-04 22:23 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Middle East, Europe, Technology & AI, Energy, Economy & Finance, Financial Markets, World News, Business & Economy, War & Conflict, Technology
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Snippet:
US equity futures are weaker, dragged lower by Tech after a disappointing outlook from Broadcom triggered doubts that the blistering rally in technology shares had gone too far, a move exacerbated by euphoric positioning. As of 8:00am ET, S&P futures dropped 0.4%, while Nasdaq futures slumped 1.2%. Broadcom, which added around $150 billion in market value just this week, slumped 13% in US premarket trading after its forecast for artificial-intelligence semiconductor revenue in the current quarter fell short of expectations.
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