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Broadcom Sales Miss Sparks Profit-Taking Rout in Asian AI and Chip StocksAsian semiconductor and artificial intelligence shares tumbled after Broadcom’s mixed quarterly results and flat sales guidance triggered widespread profit-taking, exposing the tech sector’s vulnerability following a massive May rally.
Asian semiconductor and artificial intelligence shares tumbled after Broadcom’s mixed quarterly results and flat sales guidance triggered widespread profit-taking, exposing the tech sector’s vulnerability following a massive May rally.
Asian markets stabilized following a sharp selloff, balanced by a fragile Middle East ceasefire and strong U.S. economic data that fueled expectations of prolonged high Federal Reserve interest rates.
Cardano shed 10% on Thursday to hit $0.1925, marking its worst daily performance since Feb. 5 as a broader digital asset selloff dragged down Bitcoin and Ethereum.
itcoin has slipped into a bear market below $65,000, driven by $4.21 billion in ETF redemptions, worsening spot demand, and a massive surge in long-term holder capitulation.
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