Finance

Shares of Broadcom plummeted approximately 14% after the company's long-range AI chip sales forecast failed to meet elevated investor expectations. This decline cascaded through the industry, weighing heavily on peers such as Micron Technology, AMD, and Intel, and halting the aggressive rally seen in AI-linked equities earlier this quarter.

The cryptocurrency market faced a significant downturn on June 4, with Bitcoin dropping toward the $60,000 mark for the first time since February 2026. This retreat followed record weekly outflows from spot Bitcoin ETFs, totaling roughly $3.4 billion, and was exacerbated by liquidations and heightening geopolitical tensions.

Renewed military exchanges between U.S. and Iranian forces have pushed Brent crude toward the $100 per barrel threshold, heightening inflationary fears. This geopolitical instability, coupled with strong domestic jobs data, drove the 10-year Treasury yield to approximately 4.49% as investors adjusted for higher-for-longer interest rate expectations.