By WSJ Staff
Broadcom $(AVGO)$: The semiconductor and software maker logged higher revenue in its latest quarter as demand for its AI chips accelerates. Still, shares slid more than 12% premarket after it issued guidance that failed to live up to investor expectations.
Super Micro Computer $(SMCI)$, Marvell Technology $(MRVL)$, Advanced Micro Devices $(AMD)$, Intel $(INTC)$: Shares of companies tied to AI slid premarket after Broadcom's results prompted investors to take a breather on the high-flying trade.
Quantinuum (QNT): The quantum computing company is slated to begin publicly trading today after it raised $1.68 billion in an upsized IPO.
Universal Music Group (NL:UMG): Shares in the world's biggest music company slumped 6% after Bill Ackman's hedge-fund firm Pershing Square sold its stake valued at more than $1.5 billion.
Coinbase Global (COIN), Robinhood Markets (HOOD), Strategy (MSTR): Shares of companies tied to cryptocurrency retreated premarket as bitcoin extended its slide, slumping to its lowest intraday level since early February.
Meta Platforms (META): The tech giant has delayed plans to release its newest AI model to developers multiple times and as of Tuesday didn't have a planned date to release it, the Journal reported. Shares ticked down premarket.
Lululemon Athletica (LULU) will report earnings today.
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(END) Dow Jones Newswires
June 04, 2026 05:18 ET (09:18 GMT)
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