Analysis

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.

TradingKey - Broadcom (AVGO.US) shares plummeted in after-hours trading on June 3 ET, at one point diving over 15% before closing down 13.78%. Financial data showed second-fiscal-quarter revenue of $22.2 billion, up 48% year-on-year, marking the highest single-quarter growth in nine years. Adjusted earnings per share reached $2.44, up 54% year-on-year. The operating margin climbed to a record 67%, and adjusted EBITDA reached $15.2 billion (representing a 69% margin), both of which exceeded guidance.

TradingKey - During the Asian trading session on June 4, Bitcoin continued its multi-day plunge, briefly falling below the $62,000 mark to as low as $61,338. As of press time, Bitcoin was trading at $63,844 as intraday losses narrowed. The 24-hour decline stands at approximately 3.6%.

TradingKey - SK Group Chairman Chey Tae-won met with TSMC (TSM) Chairman C.C. Wei on Wednesday during COMPUTEX Taipei. The two parties reached a consensus on next-generation AI technology trends and agreed to expand cooperation in High Bandwidth Memory (HBM) and advanced packaging. According to information disclosed on SK hynix's official website, the two sides will integrate SK hynix's HBM technology with TSMC's advanced packaging processes.

TradingKey - The latest conflict between the United States and Iran pushed up oil prices, ending a winning streak in the stock market. The Dow Jones Industrial Average fell 1.21%; the Nasdaq Composite Index fell 0.89%; and the S&P 500 Index fell 0.73%. The three major indexes had previously hit reco

TradingKey - On June 3, Eastern Time, cybersecurity firm CrowdStrike (CRWD) released its first-quarter fiscal year 2027 earnings report after the market close. As of publication, the company's share price fell 11.09% to $664.71. During the period, CrowdStrike reported revenue of $1.39 billion, a 26% year-over-year increase, exceeding market expectations of $1.36 billion. Subscription revenue rose 26% year-over-year to $1.32 billion, representing the company's primary revenue source.