Chip Producers Weigh on US Futures

2026-06-04 11:24 By Andre Joaquim 1 min. read

US equity futures were mixed on Thursday as fresh pressure in the AI economy pressured the tech sector, offsetting support from some respite for Treasuries.

The S&P 500 dropped 0.5% and the Nasdaq 100 fell 1.4%.

Broadcom sank over 10% in premarket trading despite beating earnings estimates, as its forecast for AI chip revenue fell short of most expectations.

The signals reignited lingering concerns that the surge in AI capital expenditure by the largest companies in the US, which have carried US equity indices in recent quarters, may not be sustainable.

Also, Crowdstrike also slipped over 10% after posting its earnings.

Still, energy prices trimmed their increase last sessions on signals that the US is attempting to strike a deal with Iran.

Bonds were also supported by the increase in job cuts per the latest data.

The Dow added over 0.5%.

Financial services and consumer staples companies rebounded from their slump yesterday, with JPMorgan and P&G adding over 1%.



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US equity indices were mixed on Thursday as fresh pressure on the AI economy offset support from some respite in Treasuries. The S&P 500 dropped 0.5% and the Nasdaq 100 fell 1%. Broadcom sank 15% despite beating earnings estimates, as its forecast for AI chip revenue fell short of most expectations. The signals reignited lingering concerns that the surge in AI capital expenditure by the largest companies in the US, which have carried US equity indices in recent quarters, may not be sustainable. Also, Crowdstrike also slipped over 10% after posting its earnings. Still, energy prices trimmed their increase last sessions on signals that the US is attempting to strike a deal with Iran. Bonds were also supported by the increase in job cuts per the latest data. The Dow added over 1% with support from defensive stocks as P&G and J&J added 2%. Blackstone gained 1.5%, rebounding from the slump yesterday despite being the latest private credit firm to cap withdrawals.
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Chip Producers Weigh on US Futures
US equity futures were mixed on Thursday as fresh pressure in the AI economy pressured the tech sector, offsetting support from some respite for Treasuries. The S&P 500 dropped 0.5% and the Nasdaq 100 fell 1.4%. Broadcom sank over 10% in premarket trading despite beating earnings estimates, as its forecast for AI chip revenue fell short of most expectations. The signals reignited lingering concerns that the surge in AI capital expenditure by the largest companies in the US, which have carried US equity indices in recent quarters, may not be sustainable. Also, Crowdstrike also slipped over 10% after posting its earnings. Still, energy prices trimmed their increase last sessions on signals that the US is attempting to strike a deal with Iran. Bonds were also supported by the increase in job cuts per the latest data. The Dow added over 0.5%. Financial services and consumer staples companies rebounded from their slump yesterday, with JPMorgan and P&G adding over 1%.
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