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
Published
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
Published
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 lineup changes
No lineup changes this day.
← Wednesday, June 3, 2026 · Friday, June 5, 2026 → · June 2026 archive · Archive