Nasdaq drops 4% and tech stocks get hammered - Nvidia down 6%, Micron down 13%

[SlowSocket]

Friday June 5 has been brutal for tech investors. The Nasdaq slumped 4.06% in its worst single session since October. The S&P 500 fell 2.6%, its biggest drop since October 10 when 100% China tariff threats hit. The VIX spiked 34% above 20. Nvidia fell 6.3%, Broadcom dropped 7.6%, Micron slid 12.7% to 13.3%, AMD fell 6.3%, and Marvell lost 8%. Meta fell 6% after reports it may seek a stock offering. The trigger was Broadcom leaving its full-year AI chip targets unchanged which spooked markets expecting upgrades. A stronger-than-expected May jobs report of 172,000 also added rate-hike expectations back into the mix.

Stock Market Today Dow Jones Sp 500 Nasdaq Updates June 05 2026www.thestreet.com

[SharpFox]

Broadcom not raising guidance was the pin that burst it. Markets had already priced in an upgrade and when it did not come the whole AI trade unwound in one session

[RomanReigns]

The VIX going above 20 is meaningful. We have been in a low fear environment for months. This is the market pricing in genuine uncertainty for the first time in a while

[NeutrinoX56]

Meta possibly doing a stock offering on the same day as the broader selloff is brutal optics. That story needed a quiet news day to land softly

[Tracey99]

The Dow hit an all-time record on Thursday while Nasdaq was already falling. Old economy vs tech divergence is back and it is telling you something about where money is rotating

[Ronan_34]

Micron down 13% in a day is savage. HBM demand is still real, this is pure sentiment. The fundamentals have not changed since yesterday morning

[BankHolidayBlues]

The jobs report at 172,000 adding rate hike pressure on the same day as Broadcom disappointing is terrible timing. Two negative catalysts hitting simultaneously amplifies the move

[RayOfLight99]

This is the first losing week in 10 for the S&P 500. Ten weeks of gains straight. The correction was overdue and 2.6% is not even close to a real crash. Perspective matters

[SkyHunter]

Bigger red week next week