Finance

Shares of Broadcom plummeted over 13% after the company maintained its annual artificial intelligence chip sales target rather than raising it, despite beating recent earnings estimates. This lack of upward guidance has triggered a broader sell-off across the chipmaking sector, impacting other major industry players like Intel and AMD.

Renewed strikes between the United States and Iran have heightened market volatility and stoked fears of prolonged high inflation. This ongoing conflict has contributed to a surge in gasoline prices and is influencing Federal Reserve policy expectations, with traders now pricing in a significant chance of a year-end interest rate hike.

The digital asset sector has experienced significant liquidations, with Bitcoin falling toward the $64,000 level amid the largest monthly ETF outflows of 2026. Market sentiment was further dampened by reports of institutional selling from prominent holders, leading to a risk-off environment across the broader crypto landscape.