TradingKey

TradingKey - Broadcom (AVGO) reported AI business earnings guidance that fell short of expectations, triggering a sell-off in tech and chip stocks as capital rotated into previously underperforming sectors such as healthcare and finance. Meanwhile, the Dow Jones Industrial Average bucked the trend t

TradingKey — During the Asia trading session on June 5, the Korea Composite Stock Price Index (KOSPI) saw its decline rapidly widen to over 6%. The Korea Exchange triggered a circuit breaker mechanism for the KOSPI after KOSPI 200 futures fell by 5%, suspending program trading for five minutes.

TradingKey - On June 3, Eastern Time, a retreat in Broadcom’s share price sparked market concerns that AI investments have entered overbought territory. The Dow Jones Industrial Average hit a record high, leading gains among the three major U.S. indices as tech stocks saw a broad pullback. By the close, the Dow Jones rose 1.73% to 51,561.93; the S&P 500 rose 0.41% to 7,584.31; and the Nasdaq Composite fell 0.09% to 26,830.96.

Tradingkey - On June 4, a significant explosion involving Blue Origin failed to undermine its eligibility for core U.S. military launch bidding. The U.S. Space Force procurement arm stated that despite the "New Glenn" launch pad accident last week, Jeff Bezos's Blue Origin retains its certification for Phase 3 ("Lane 2") of the Pentagon’s National Security Space Launch (NSSL) program. The company will continue to compete against SpaceX and United Launch Alliance (ULA) for military launch contracts valued at tens of billions of dollars over the next five years.

Tradingkey - June 4: Israel and Lebanon officially reached a ceasefire agreement on Thursday. Coupled with positive signals from Trump regarding potential progress in U.S.-Iran negotiations this weekend, the geopolitical risk premium previously accumulated in the crude oil market was rapidly digested, leading to a significant pullback in oil prices. As a result, WTI crude futures fell 4% to $92.18, while Brent crude futures dropped 3.23% to $94.65.

Tradingkey - On June 4, Eastern Time, U.S. technology stocks experienced broad declines as Broadcom’s (AVGO) Q2 guidance was interpreted by the market as overly conservative. The three major indices diverged, with the Dow Jones Industrial Average rising over 1.7% to hit a new record high, while the tech-heavy Nasdaq Composite fell more than 0.4%. Broadcom’s share price plummeted over 15% today, reaching a low of $403.01, with its latest market capitalization reported at $1.96 trillion. The sharp sell-off in the leading custom chip company has sparked market skepticism regarding the outlook for the AI industry.

TradingKey - IBM and Google Cloud have announced an expansion of their strategic AI partnership, launching a new Google Cloud Practice aimed at helping enterprises accelerate the deployment of AI applications into production environments and modernizing core systems. The core of this collaboration is not merely IBM utilizing Google Cloud technology; rather, both parties intend to integrate cloud platforms, consulting delivery, industry processes, and AI agents into a comprehensive suite of enterprise-ready implementation solutions.

Broadcom's stock dropped 14% to $411.79 due to sub-consensus AI chip guidance, despite solid overall earnings, leaving its long-term custom silicon growth trajectory intact.

Concerns over an AI bubble continue to escalate as AI stocks, including Broadcom, Micron, and Nvidia, fell collectively, potentially triggering panic sentiment.

TradingKey - During the U.S. pre-market session on Thursday, June 4, the three major U.S. stock index futures diverged, with Nasdaq 100 futures leading the decline. Broadcom’s earnings report failed to meet high market expectations for AI chips, dragging down the semiconductor and AI infrastructure sectors. As of press time, Dow futures rose 0.79%, S&P 500 futures fell 0.4%, and Nasdaq 100 futures dropped 1.31%.

TradingKey - Broadcom AVGO at $414, down from $499 highs. RSI 34 oversold at 0 Fib $405 support. No company-specific weakness. Custom ASICs, Tomahawk switches, VMware AI software intact. Target $452.

TradingKey - On June 4 (ET), gold prices (XAUUSD) have recently maintained a weak trend, influenced by the ongoing volatility in U.S.-Iran tensions. As oil prices continue to climb, downward pressure on gold prices has further intensified. The market is currently awaiting the release of U.S. May non-farm payrolls data to determine the short-term direction for gold.

TradingKey - On June 3 (Eastern Time), AI company Anthropic reportedly selected Morgan Stanley and Goldman Sachs as lead underwriters for its initial public offering (IPO), with JPMorgan Chase also set to participate in the deal. According to people familiar with the matter, more investment banks may join the underwriting team in the future.

TradingKey - During the Asian trading session on June 4, SoftBank Group’s share price plunged over 11%, marking its largest single-day decline in months. The tech investment giant is facing renewed market scrutiny over its highly leveraged AI betting strategy, while an overnight broad sell-off in U.S. tech stocks accelerated the adjustment.

TradingKey - As Wall Street revels in the AI chip stock frenzy, Bill Ackman has issued a warning. The founder of Pershing Square Capital stated bluntly that the current market is repeating the mistakes of the 2000 dot-com bubble, as investors frantically chase "shiny new things" such as chips, semiconductors, and energy, while neglecting high-quality tech stocks that possess genuine long-term value.

TradingKey - SanDisk SNDK at $1,784 inside ascending channel. RSI 58.80 neutral-bullish, no divergence. Q4 guided $7.75–8.25B, $42B backlog. Channel support $1,690. Target $1,859–1,921.

TradingKey - During the Asian session on June 4, Japanese and South Korean equity markets failed to sustain their previous momentum, as both major indices trended lower across the board. The Nikkei 225 Index fell 1.36% to close at 67,470.47 points. South Korea’s KOSPI Index opened with a gap down, with intraday losses exceeding 2% at one point, before eventually closing down 1.84% at 8,639.41 points.

The primary drivers of this sharp decline include the U.S.-Iran conflict fueling inflation and suppressing rate-cut expectations, MicroStrategy’s first-ever coin sale, and collective sell-offs by spot ETFs and whales. However, mining rigs are currently approaching shutdown levels, while the RSI and sentiment index have entered extreme oversold and panic territory, suggesting the market has hit production costs. The 60,000 level is expected to provide strong support.

Software hasn't been killed by AI; instead, it is being fed to grow even stronger. This article deconstructs why Microsoft's FY2026 Q3 earnings were misinterpreted, the truth behind the panic over approximately $190 billion in capital expenditure, and how the Maia 200 in-house chip, seven proprietary MAI models, and the Foundry platform moat showcased at Build 2026 address market skepticism. It also analyzes why hedge fund titan Bill Ackman exited Google at its lows to take a heavy position in Microsoft, including a four-layer fundamental framework and key risks.

TradingKey - On June 3, ET, assets under management (AUM) for the Vanguard S&P 500 ETF (VOO), an exchange-traded fund tracking the S&P 500 Index under the Vanguard Group, surpassed $1 trillion. It has become the world’s first ETF to reach the trillion-dollar milestone, setting a new record for the passive investment industry.