Micron shares fell 3.3%, leading the declines in the chips space.<\/p>\n
Major chip stocks declined for a second day after Broadcom\u2019s results.<\/p>\n
Stocktwits sentiment for SOXX dropped lower in the \u2018extremely bearish\u2019 zone.<\/p>\n
Micron shares fell 3.3% in premarket trading on Friday, leading declines in semiconductor stocks for a second day after a softer-than-expected outlook from chip giant Broadcom triggered a global selloff in semiconductor stocks.<\/p>\n
Intel stock dropped 2.8%, and Advanced Micro Devices shares fell 2.8% for a second day. Nvidia\u2019s stock was down 1.4% at the time of writing.<\/p>\n
See what 10M+ investors are talking about. Get the Stocktwits Daily Rip for what retail is watching right now, free to your inbox<\/a><\/p>\n The move signals profit taking and a reset of sentiment in the chip space, after major stocks ran up sharply in recent months on surging demand for AI accelerators amid a rapid buildout of new data centers.<\/p>\n The iShares Semiconductor ETF (SOXX) has nearly doubled year to date, compared to the 11% gains in the benchmark S&P 500.<\/p>\n Broadcom\u2019s Results Spark AI Selloff <\/p>\n Broadcom reported<\/a> its second-quarter fiscal results on Wednesday evening, beating on both revenue and profit, though its guidance left investors wanting more.<\/p>\n The custom AI chipmaker projected $16 billion in AI chip revenue in the third quarter, much below estimates of $17.2 billion, and kept its fiscal year 2027 outlook unchanged at $100 billion. AVGO stock tumbled 12.6% on Thursday, marking its steepest single-day decline since January 2025, and fell 2% in Friday\u2019s premarket session.<\/p>\n Retail View On Semicon <\/p>\n The sell in chip stocks appeared to cause some panic among retail investors. On Stocktwits, the retail sentiment for SOXX fell even lower in the \u2018extremely bearish\u2019 zone (8\/100).<\/p>\n \u201c$OSXX this is looking bad. Had a textbook hanging man on the daily yesterday and bearish confirmation today with the massive gap down and red close. Hanging mans happen all the time but means nothing without bearish confirmation the next day which we got,\u201d a trader said<\/a>.<\/p>\n However, the sentiment was \u2018neutral\u2019 for MU, and \u2018bullish\u2019 for NVDA and AMD, and \u2018bearish\u2019 for INTC. Most of these stocks rallied this week on announcements from the Computex trade conference in Taiwan.<\/p>\n For updates and corrections, email newsroom[at]stocktwits[dot]com.<\/p>\n Yuvraj Malik has no position in any of the stocks mentioned in this article. StockTwits’ news team content is for informational purposes only and is not intended as investment advice. For more, see our editorial policy<\/a>. This article was originally published on StockTwits<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Micron shares fell 3.3%, leading the declines in the chips space. Major chip stocks declined for a second…\n","protected":false},"author":2,"featured_media":477652,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[4627,114,85,46,122057,211113],"class_list":["post-477651","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-broadcom","tag-business","tag-il","tag-israel","tag-semiconductor-stocks","tag-soxx"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/477651","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=477651"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/477651\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/477652"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=477651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=477651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=477651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}