How did the Dow Jones perform on June 4, 2026?

The Dow Jones Industrial Average hit a new record high, rising 0.3%.

Which stocks rose while tech fell?

Financial and energy stocks rose, including Visa (V) which gained 0.8%.

Did Broadcom's outlook affect other tech stocks?

Yes, shares of Alphabet, Micron, and CrowdStrike also declined alongside Broadcom.

Dow Jones Hits Record High as Tech Stocks Slide on Broadcom AI Outlook

The Dow Jones Industrial Average reached a new all-time high on June 4, 2026, while technology stocks declined following a cautious AI demand outlook from Broadcom (AVGO).

June 4, 2026

2 min read

Source: Motley Fool

According to a report from Motley Fool, the Dow Jones Industrial Average hit a record high on Thursday, June 4, 2026, while technology stocks fell after Broadcom (AVGO) issued a downbeat outlook on AI demand.

Details

Major tech stocks led the decline, with Alphabet (GOOGL) falling 1.2%, Micron (MU) dropping 2.5%, and CrowdStrike (CRWD) sliding 1.8%. Broadcom itself fell 4% after management indicated a slowdown in AI chip demand in the coming quarter.

In contrast, the Dow Jones rose 0.3% to close at a new record, supported by financial and energy stocks. Visa (V) gained 0.8%.

Context

The divergence comes as investors reassess the impact of AI on corporate earnings. Broadcom has been a major beneficiary of the AI boom, but its latest outlook raised concerns that growth may be slowing.

What This Means for Investors

Market movements suggest a rotation from high-growth tech stocks into defensive and financial sectors. While the tech pullback may present buying opportunities for long-term investors, caution is warranted given uncertainty around AI demand.

Frequently Asked Questions

Tech stocks fell after Broadcom issued a downbeat outlook on AI chip demand, raising concerns about slowing growth in the sector.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.