Nasdaq Futures Slide After Broadcom Revenue Miss
S&P 500 and Nasdaq 100 futures declined on Thursday as Broadcom's revenue miss pressured chip stocks, with investors taking a breather after a strong run.
AVGOBroadcom Inc.
AMDAdvanced Micro Devices, Inc.
QCOMQUALCOMM Incorporated
MRVLMarvell Technology, Inc.
MUMicron Technology, Inc.Key Numbers
S&P 500 and Nasdaq 100 futures fell on Thursday after Broadcom (AVGO) reported quarterly revenue that missed analyst estimates, pressuring chip stocks and pausing the recent rally.
Details of the Move
According to Reuters, Nasdaq 100 futures dropped about 0.5%, while S&P 500 futures fell 0.3%. The decline followed Broadcom's fiscal Q2 2026 revenue of $12.5 billion, which came in below Wall Street expectations.
Likely Causes
The direct cause was Broadcom's disappointing revenue, which raised concerns about slowing demand for semiconductors. The impact spread to other chip stocks including AMD, QCOM, MRVL, and MU.
Context
The decline came after a strong performance in previous sessions, with investors awaiting Broadcom's results as a gauge of tech sector health. The market appears to be taking a breather after recent gains.
Similar Moves in the Sector
Losses were not limited to Broadcom; AMD fell 2%, Qualcomm (QCOM) dropped 1.5%, Marvell (MRVL) declined 2.5%, and Micron (MU) slipped 1.8%.
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