Broadcom stock sinks in after hours as AI chip forecast disappoints

June 4, 2026

Broadcom stock sinks in after hours as AI chip forecast disappoints

Breaking News

Image source: AI-generated with OpenAI

Broadcom shares fell 12% in premarket trading Thursday after the company's AI chip sales outlook came in below Wall Street expectations.

The company reported revenue of $22.19 billion, slightly above the consensus estimate of $22.13 billion, while earnings per share of $2.44 topped estimates of $2.39.

Broadcom forecast current-quarter revenue of $29.4 billion, ahead of analyst expectations of $28.61 billion.

However, investors focused on the company's AI semiconductor outlook. AI chip revenue is expected to reach $16 billion in the third quarter, below analysts' forecasts of $17.2 billion.

The company also did not raise its 2026 AI semiconductor sales forecast, disappointing investors despite second-quarter AI semiconductor revenue growing 143% year over year. Yahoo Finance reports.

EdgeUp

🚁 Ondas stock plunges 14%: The insider sale and drone deal traders are fighting over

Ondas shares fell sharply during Thursday trading after new insider-sale and resale filings weighed on investor sentiment.

The defense and autonomous systems company closed Wednesday at $11.61, down 14.5%, and was last indicated at $11.21 in after-hours trading, according to Google Finance data.

The decline comes as Ondas has emerged as a closely watched name in the drone, counter-drone, and autonomous defense sectors.

Following the stock's strong run toward its 52-week high, investors are paying close attention to filings that could increase share supply, as these developments can have a significant impact on sentiment alongside contract announcements and business updates. TechStock² reports.


🧪 Rigetti shares fall premarket with fresh Nasdaq test for quantum

Rigetti Computing shares fell before Thursday's Nasdaq open, trading at $24.10, down $2.79, or about 10.4%, from the previous close.

Investors are preparing for another test of sentiment toward the quantum computing sector, which remains one of the market's most volatile technology themes.

Quantum stocks tend to move more on government initiatives, research breakthroughs, and progress in qubit hardware development than on current earnings performance.

Investors continue to watch for advances that could allow quantum computers to solve problems beyond the capabilities of traditional computing systems. TechStock² reports.


🛡️ Netskope shares fall after earnings beat

Netskope shares dropped nearly 20% in after-hours trading Wednesday despite reporting higher first-quarter revenue.

The cybersecurity company closed the regular session up 2.6% at $12.40 before falling to $9.96 shortly after 7 p.m. EDT.

While revenue exceeded expectations, investors focused on concerns surrounding cash flow and sales execution.

The move is notable because Netskope is a relatively recent entrant to the public cloud and AI security software market. The company went public in September at $19 per share, raising $908.2 million, and the after-hours decline pushed the stock below its IPO price. TechStock² reports.


👕 Why PVH shares are trading lower by over 20%

Shares of PVH Corp. fell 21.42% to $77.01 in pre-market trading on Thursday.

The company reported stronger-than-expected first-quarter results, with revenue rising 2.1% year over year to $2.03 billion and non-GAAP earnings of $2.01 per share.

Both revenue and earnings exceeded analyst expectations.

Despite the earnings beat, investor sentiment weakened after Evercore ISI downgraded the stock from Outperform to In Line and lowered its price target from $95 to $79.

Analysts cited PVH's 46% year-to-date rally and noted that fiscal 2026 guidance includes tariff refunds, factors that may have tempered enthusiasm for the stock. Benzinga reports.


🧪 Honeywell's Quantinuum heads for Nasdaq debut as quantum computing gains momentum

Honeywell's Quantinuum is set to begin trading on Nasdaq on Thursday after strong investor demand helped the quantum computing company raise $1.68 billion in an upsized initial public offering.

The debut comes amid growing enthusiasm for quantum computing, a technology that aims to solve certain highly complex problems faster than conventional computers.

Investor interest in the sector has increased following recent breakthroughs and rising expectations that quantum systems could eventually deliver practical advantages in areas such as optimization, materials science, and advanced computing.

Quantinuum's market debut marks another major milestone for the emerging quantum computing industry as it seeks to move from research-driven development toward broader commercial adoption. Yahoo Finance reports.

Top 5 Movers in Early Pre-Market

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM ET). Stock Analysis reports.

1) STI: Solidion Technology, Inc.
Total gain: +209.13%

2) SPRC: SciSparc Ltd.
Total gain: +49.37%

3) FOXX: Foxx Development Holdings Inc.
Total gain: +47.90%

4) EDHL: Everbright Digital Holding Limited
Total gain: +34.81%

5) RPGL: Republic Power Group Limited
Total gain: +19.14%

Yesterday’s Biggest Movers

The closing price of the top three market percent gainers trading near or above $3 on June 3.

(All pricing and percent gains are based on regular market trading hours from 9:30 AM to 4:00 PM ET)
Stock Analysis reports.


1) XOS: Xos, Inc.
Total gain: +234.53%
The company announced the launch of its 2.5MWh Power Hub series, a family of fully integrated, behind-the-meter energy storage and hybrid power systems engineered to deliver megawatt-scale power where the U.S. grid cannot. Built on the same proven architecture as the Xos Hub™ mobile EV charging platform, the Power Hub series scales from 1.2 MWh to 4 MWh and ships inside a standard intermodal container, energizing industrial sites, data centers, and mission-critical facilities within days, not the three to seven years that grid interconnection now routinely demands. Globe Newswire reports.

2) SDOT: Sadot Group Inc.
Total gain: +105.79%
The stock appeared to be moving on no notable news.

3) STAK: STAK Inc.
Total gain: +90.00%
The company announced the rapid scale-up of its new energy vehicle ("NEV") business, driven by a broadening product lineup and a growing portfolio of patents and software copyrights during the second half of 2025 and the first quarter of 2026. PR Newswire reports.

Today’s Notable Earnings

(Estimate and Actual numbers represent Earnings Per Share in US Dollars)

DOCU: DocuSign
Q1 2027
After Market Close
Estimate: 0.870
Actual: N/A

RBRK: Rubrik
Q1 2027
After Market Close
Estimate: -0.110
Actual: N/A

COO: Cooper Companies
Q2 2026
After Market Close
Estimate: 1.100
Actual: N/A

Today’s Economic Dates

Time (ET) / Report / Period

8:30 AM - Initial jobless claims - May 30
8:30 AM - U.S. productivity - Q1
8:30 AM - Richmond Fed President Tom Barkin speech - N/A

Parting Thoughts

“Being too far ahead of your time is indistinguishable from being wrong.”

– Howard Marks

Sourced in: Oaktree Capital memos.

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