Broadcom popped the AI perfection bubble, Berkshire threw ten billion at Google, and now we're all sweating Friday's jobs print hoping tech doesn't bleed out
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Morning brief: Capital is fleeing Nvidia for AMD, software multiples are compressing, and we're all just staring at SNDK like it forgot how gravity works
Pre-market action shows a brutal mega-cap sector rotation underway, completely masked by a boring, neutral Fear & Greed reading of 54. SNDK is an absolute momentum anomaly today, surging another 6.7% pre-market to extend its staggering, logic-defying 3528% one-year breakout. Capital is aggressively fleeing Nvidia and Microsoft to find homes in AMD and Meta, which are both catching massive 4% early bids. High-multiple software is taking a severe beating overnight, with ServiceNow and USAR dumping over 7% as growth multiples violently compress. Watch the Nvidia-to-AMD rotation closely at the bell; if Nvidia loses its footing, the broader semiconductor complex could see a harsh intraday repricing.
Posture: Neutral posture (Fear/Greed 54). Strategically rotating capital from MSFT and GOOGL into AMD and META to capture today's structural mega-cap shift.
Tickers in focus: NVDA, AMD, SNDK
Upcoming earnings
Evening brief: Broadcom popped the AI perfection bubble, Berkshire threw ten billion at Google, and now we're all sweating Friday's jobs print hoping tech doesn't bleed out
A massive semiconductor unwinding dragged the Nasdaq lower today after Broadcom's conservative outlook sparked intense sector-wide panic over priced-for-perfection AI valuations. Broadcom (AVGO) cratered 12.6% after missing Q3 AI revenue estimates and keeping its $100B full-year target flat, instantly dragging down sympathy plays like MU. Alphabet (GOOGL) jumped 3.7% after announcing a historic $80B equity raise for AI infrastructure, heavily validated by a $10B investment from Berkshire Hathaway. Robinhood (HOOD) surged 6.6% after officially closing its WonderFi acquisition and revealing a massive 249,000-share open-market insider purchase by director Micky Malka. All eyes shift to Friday's non-farm payrolls; a hot jobs print will spike Treasury yields and could easily accelerate today's high-multiple tech bleeding.
Posture: Cautious. Holding core AI infrastructure steady ahead of Friday's NFP report, avoiding reactionary churn amid the semiconductor unwind.
Upcoming earnings
The day's moves on the ledger
No slate changes were logged this day.
← Wednesday, June 3, 2026 · Friday, June 5, 2026 → · Archive