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On March 5, 2026, the opening bell of the US stock market sounded a somber note, as the three major indices—the Nasdaq, the Dow Jones Industrial Average, and the S&P 500—all kicked off the trading day on a downward trajectory. Specifically, the Nasdaq witnessed a 0.44% drop, the Dow Jones Industrial Average saw a 0.75% decline, and the S&P 500 index fell by 0.49%. The chip sector, in particular, bore the brunt of the market's pessimism, with most chip stocks experiencing a downturn. Notably, Nvidia and AMD both saw their shares tumble by more than 1%. In stark contrast, Broadcom emerged as a beacon of hope, with its stock surging over 3%, buoyed by the optimistic forecast that its AI chip revenue is set to surpass the $100 billion mark in the coming year.
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