Tech Stocks Fall as Chip Sector Weighed Down by Broadcom Earnings
On Thursday, tech stocks declined due to uncertainty over a potential US-Iran ceasefire extension and mixed earnings from chipmaker Broadcom (AVGO). Semiconductor companies like Micron (MU) and AMD (AMD) were key drags on the sector. Meanwhile, Alphabet's $80 billion stock offering for AI expansion and Nvidia CEO Jensen Huang’s Computex remarks also influenced market sentiment.
Tickers: $AMD $AVGO $CRWD $GOOG $GOOGL $MU $NVDA $QCOM
Topics: AI earnings_report market_volatility semiconductors tech_stocks