Intel, AMD, Micron shares trim losses after Broadcom results spark semiconductor sector sell-off

June 5, 2026 - 02:30

Shares of major chipmakers including Intel, AMD, and Micron pared some of their earlier losses on Friday, following a broad sell-off that was sparked by a disappointing outlook from Broadcom. The networking and semiconductor giant's quarterly report, released late Thursday, failed to meet investor expectations for future growth, sending ripples of concern across the entire tech hardware space.

The initial downturn hit the sector hard, with many stocks falling by several percentage points in early trading. Investors reacted to Broadcom's cautious forward guidance, which suggested that demand in certain key markets might be softening. This weighed particularly on companies tied to the PC and data center markets, where Intel and AMD compete directly. Micron, a major memory chip supplier, also felt the pressure as the broader sentiment turned negative.

However, as the trading session progressed, the losses began to shrink. By mid-afternoon, Intel had trimmed its decline to under 2%, while AMD and Micron also recovered from their session lows. Analysts noted that while Broadcom's specific challenges are real, the sell-off may have been overdone for other chipmakers that have different customer bases and product cycles. The partial rebound suggests that some traders viewed the dip as a buying opportunity, though the sector remains on edge as earnings season continues.