Despite the blowout print, Broadcom rose ~2.6% after-hours (to ~494) then reversed to roughly -15% in Thursday June 4 pre-market trading because CEO Hock Tan did NOT raise the FY2027 AI revenue guidance (the above-$100B figure was left unchanged) on the earnings call - a "sell the news" reaction that sparked a sector-wide chip selloff, with CrowdStrike also down ~11% on in-line guidance and rising expenses. A reflexivity warning: even a demand-side blowout could no longer lift the tape.
Provenance — node opacity = source trust
- Evidence Strength
Strong
- Evidence Observed At
- Jun 4, 2026 · 12:00 PM UTC
- Citation
- https://www.cnbc.com/2026/06/03/stock-market-today-live-updates.html
- Citation Source
cnbc
- Market Metric
Session Percent Move
- Observed Value
- -15