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Broadcom Miss Hits Stocks, Jobs Surge Sparks Fed Hike Talk

6/6/2026

Summary

Broadcom Revenue Miss

Broadcom guided chip revenue to $16 billion, missing consensus, causing its shares to fall 5% to $385.73.
The miss pushed Intel down 8% to $102.48 and AMD down 11% to $466.38.
South Korea’s Kospi fell 5.5% as Samsung dropped 6.4% and SK Hynix 10%, with Europe’s ASML down 3.8% and Infineon 6%.
A U.S. jobs report showed May payroll gains of 172,000 versus an 80,000 forecast, raising Federal Reserve (Fed) rate-hike expectations.

Summary

Micron Expands Production

Micron began 1-alpha DRAM production in Manassas, Virginia, adding U.S.-made memory for auto, defense and AI.
Its addition to the S&P 100 Index will attract index-fund inflows and raise visibility.
The board approved a 30% dividend increase in Q2, reflecting confidence in earnings.
Analysts’ price targets range from UBS’s $1,625 to Goldman Sachs’s $400, showing divergent outlooks.

Summary

Broadcom Extends TPU

CEO Hock Tan kept fiscal 2027 AI semiconductor guidance above $100 billion, unchanged despite analyst calls.
Broadcom extended its TPU partnership with Alphabet, noting Alphabet will also source from MediaTek.
Google signed a deal in April 2026 to co-develop TPUs with Broadcom through 2031.
OpenAI’s custom Broadcom chip, slated for 2026, will not ship until 2027.
Anthropic’s TPU use, built on Broadcom-co-designed chips, is projected at 1 GW in 2026 and 3 GW in 2027.

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Broadcom Revenue Miss

Broadcom guided chip revenue to $16 billion, missing consensus, causing its shares to fall 5% to $385.73.
The miss pushed Intel down 8% to $102.48 and AMD down 11% to $466.38.
South Korea’s Kospi fell 5.5% as Samsung dropped 6.4% and SK Hynix 10%, with Europe’s ASML down 3.8% and Infineon 6%.
A U.S. jobs report showed May payroll gains of 172,000 versus an 80,000 forecast, raising Federal Reserve (Fed) rate-hike expectations.

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