Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTOleksandr PylypenkoThu, June 4, 2026 at 12:36 PM GMT+2 9 min readJune Nasdaq 100 E-Mini futures (NQM26) are trending down -1.12% this morning as a disappointing forecast from Broadcom led investors to hit pause on the AI trade.Broadcom (AVGO) plunged over -13% in pre-market trading after the company issued below-consensus FQ3 AI semiconductor revenue guidance. Also, Broadcom CEO Hock Tan said the company will sell $56 billion in AI chips in the fiscal year ending in October, falling short of expectations. In addition, Tan said that major custom-chip client Google was likely to diversify its supply chain and that the expansion of its semiconductor business would weigh on its gross margin.More News from BarchartDear Amazon Stock Fans, Mark Your Calendars for June 23Super Micro Computer Just Unveiled the New AMD Helios Platform. What That Means for SMCI Stock.BNP Paribas Initiates Coverage on CoreWeave. That Means CRWV Stock Could Soar 71% from Here.Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now!Meanwhile, the price of WTI crude fell about -1% on Thursday, snapping a three-day winning streak after Israel and Lebanon late on Wednesday agreed to renew their ceasefire, contingent on Hezbollah halting its attacks, potentially resolving what had become a sticking point in U.S.-Iran talks to end the war. U.S. President Trump said on Wednesday the U.S. could reach a deal with Iran this weekend after earlier asserting that Iran had agreed not to develop a nuclear weapon.Investors are now awaiting a new round of U.S. economic data and comments from Federal Reserve officials.In yesterday’s trading session, Wall Street’s three main equity benchmarks closed lower. Software stocks slumped, with Datadog (DDOG) and Atlassian Corp. (TEAM) sliding nearly -7%. Also, cybersecurity stocks slid, with Palo Alto Networks (PANW) dropping over -5% as its strong FQ3 results failed to ease concerns about AI’s impact on the industry. In addition, private credit stocks declined after Cliffwater LLC’s flagship private credit fund reported even higher redemption requests than in the first quarter, with KKR & Co. (KKR) and Ares Management (ARES) slipping more than -4%. On the bullish side, chip and AI infrastructure stocks advanced, with Sandisk (SNDK) climbing over +6% to lead gainers in the Nasdaq 100 and Intel (INTC) rising more than +4%.Economic data released on Wednesday showed that hiring in the U.S. remained solid in May, services-sector activity continued to expand last month, and new orders from factories picked up in April. The ADP National Employment report showed that U.S. private nonfarm payrolls rose by 122K in May, stronger than expectations of 118K. Also, the U.S. ISM services index rose to 54.5 in May, stronger than expectations of 53.7, while the S&P Global services PMI was revised slightly lower to 50.7. In addition, U.S. April factory orders climbed +4.8% m/m, stronger than expectations of +4.6% m/m and the biggest increase in 11 months.Terms and Privacy PolicyPrivacy & Cookie SettingsMore Info