How Broadcom's Guidance Drove a Global Chip Selloff and KOSPI's 5% Drop — Market Wrap Jun 5, 2026

Today's AI insights from 7horns.ai reveal a sharp global tech selloff led by Broadcom's disappointing guidance, which sent semiconductor stocks tumbling across markets. The KOSPI plunged 5.0%, reflecting deep concerns about AI supply-chain disruptions impacting Samsung and SK Hynix. In the US pre-market, Broadcom dropped another 1.61% after a 12.59% fall yesterday, while Micron and Arm Holdings slid 3.19% and 4.82%, respectively. The Nasdaq futures fell 0.95%, weighed down by tech sector fears, whereas the Dow futures remained flat, hinting at rotation into cyclicals. Meanwhile, Google bucked the trend with a 3.68% gain, and Microsoft edged up 0.40%. Lululemon suffered a 10.8% drop post-close on weak guidance. Market participants await the May jobs report, which will be crucial for rate expectations ahead of the Fed meeting. Oil prices eased below $95 amid easing geopolitical tensions. AI insights powered by 7horns.ai — the world's first true AI research financial assistant. Our CNN machine learning model delivers daily stock market analysis with over 60% accuracy, beating the S&P 500 by 300% from 2021–2025. No human emotions, just pure AI-driven financial research. Visit 7horns.ai for your free daily AI insights.