Movement Alert｜Micron Technology Falls 4.82% in Pre-Market Trading, Semiconductor Selloff Extends After Broadcom Earnings Disappoint on AI Guidance

Market Focus06-05

On June 5, Micron Technology fell 4.82% in pre-market trading, trading at $955.15/share with trading volume of $161 million. The decline extends the previous session's 7.57% drop as the semiconductor sector continues to face selling pressure.

The catalyst behind the broad chip selloff traces back to Broadcom's latest earnings report, which revealed Q2 AI revenue of $10.8 billion (up 145% YoY) and total revenue of $22.187 billion (up 48% YoY), both exceeding expectations. However, Broadcom's Q3 AI revenue guidance of $16 billion fell short of the $17.5 billion expected by Citi analysts and the $16.3 billion street consensus. Additionally, CEO's mere reaffirmation of FY2027 AI revenue exceeding $100 billion — without raising the target — became the direct trigger for market disappointment.

The fallout was severe: Broadcom and Micron together set company-record single-day market cap losses, with a combined $380 billion in value erased. The Philadelphia Semiconductor Index dropped over 4%, with broad weakness across AMD, Arm, Intel, and Marvell Technology.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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