Semiconductor stocks plunge 10%+ as Broadcom AI guidance miss and strong jobs data trigger $1 trillion selloff
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StartupHub.ai
Summary
The semiconductor sector experienced a severe selloff on Friday, with the SOXX ETF dropping 10.4%, driven by Broadcom's disappointing AI guidance and a stronger-than-expected May jobs report that raised interest rate concerns. Major chip stocks including Arm Holdings (-12.8%), Intel (-11.3%), AMD (-10.9%), and Super Micro Computer (-11.2%) led the decline. The selloff wiped roughly $1 trillion from AI-related equities, with the Nasdaq posting its worst session since April 2025. The article presents a data table of the biggest movers in the semiconductor space.
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bskySemiconductor stocks plunge 10%+ as Broadcom AI guidance miss and strong jobs data trigger $1 trillion selloffstartuphub.aiKey quotes
· 3 pulledThe SOXX semiconductor ETF fell 10.4% on Friday as Arm Holdings tumbled 12.8%, Intel fell 11.3%, and AMD shed 10.9%.
Broadcom's AI guidance miss and a stronger-than-expected May jobs report wiped roughly $1 trillion from AI-related equities.
The Nasdaq posted its worst session since April 2025.
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