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Broadcom Falls 13% on Soft AI Demand, but S&P 500 and Dow Hit Record Highs on June 4

2026-06-08 08:13:14

According to Business Insider, Broadcom shares plunged 13% on June 4 over softer-than-expected artificial intelligence demand, but the U.S. stock market displayed resilience. The S&P 500 and Dow Jones both closed at record highs, with the Dow gaining nearly 900 points, while the Nasdaq Composite held nearly flat. The Philadelphia Semiconductor Index declined only 2% despite the drag from Broadcom's sharp drop. Among the S&P 500, 363 stocks advanced on the day, indicating market breadth remained healthy.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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