Finance

Shares of Broadcom plummeted nearly 13% after the company provided an artificial intelligence revenue forecast that failed to meet the market's lofty expectations. This decline sparked a broader retreat across the semiconductor industry, affecting major players like Micron and dragging down the tech-heavy Nasdaq. Investors expressed concern over the non-linear growth path of the AI chip business despite strong current revenue figures.

Brent crude prices fell nearly 3% to approximately $95 per barrel on June 4, 2026, following news of a potential ceasefire agreement between Israel and Lebanon. This easing of geopolitical tensions provided a much-needed reprieve for global markets, which had recently been pressured by the U.S.-Iran conflict. The drop in energy costs helped alleviate some immediate inflation fears and supported the rally in non-tech equity sectors.

Digital assets experienced a sharp decline today, with Bitcoin dropping toward the $60,000 mark and Ethereum losing roughly 7% of its value. The selloff was primarily driven by record weekly outflows from U.S. spot Bitcoin ETFs, totaling approximately $3.4 billion. Analysts noted that the asset class is increasingly behaving as a risk-on asset, sensitive to geopolitical shifts and institutional capital flight rather than a safe haven.