On June 4, 2026, Broadcom's stock price plummeted significantly in after-hours trading and throughout Thursday's session, closing with a 12.6% decline and shedding approximately $286 billion in market value in a single day, marking the largest single-day market value loss in the company's history. The stock drop was primarily driven by Broadcom's latest earnings report, which fell short of market expectations for AI chip sales forecasts. Despite quarterly profits exceeding forecasts, it still triggered a sell-off by investors, putting pressure on the entire chip sector.
