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Nasdaq Opens Over 1% Lower, Broadcom Drops Over 14% After Earnings

On June 4, U.S. stock markets opened with mixed results. The Nasdaq fell by 1.02%, the S&P 500 dropped by 0.34%, while the Dow Jones rose by 0.97%. Broadcom saw a significant drop of over 14%, with its third-quarter AI revenue guidance set at $16 billion, a 210% year-on-year increase, which still fell short of market expectations. CrowdStrike also declined by over 9%, as its second-quarter earnings guidance did not 'impress the market,' with analysts noting that recent stock prices have already fully reflected the positive outlook.

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