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Broadcom Falls 7.9% on Friday After 13% Plunge; Chip Stocks Extend Selloff

2026-06-06 23:46:06

According to Barron's, on Friday (June 5), Broadcom (AVGO) fell 7.9% to close at $385.73, extending its decline after a 13% plunge on Thursday. The stock's market value evaporated $286 billion in a single day Thursday, marking the fourth-largest single-day market cap loss in U.S. corporate history. Other semiconductor stocks suffered steep losses on Friday: Micron (MU) dropped 13%, AMD fell 11%, Intel (INTC) declined 11%, and Marvell (MRVL) plunged 17%. The Philadelphia Semiconductor Index fell 10% on Friday, marking its worst single day since March 16, 2020.

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