• Micron (MU) is trading 4.1% down at $989.72 today, reflecting weakened sentiment in the AI semiconductor sector.
  • Broadcom's Q2 2026 earnings, reported on June 3, showed strong AI semiconductor revenue and raised Q3 AI revenue guidance. However, this guidance fell short of aggressive investor expectations, leading to profit-taking and a broader reassessment of AI infrastructure spending.
  • Broader index futures are trading slightly lower, contributing to risk-off positioning across the semiconductor sector.