#NvidiaSharesFallOver6PercentSemiconductorSelloff 🚨 June 8 – Nvidia plummeted -6.19% in a day, wiping out $300 billion**. The Philadelphia Semiconductor Index (SOX) crashed **-10.26%**, its worst drop since March 2020. The sector lost **$1.3 trillion in 24 hours.
🔍 WHAT TRIGGERED THE CHAOS?
1. Broadcom disappoints (June 4) – Stellar earnings (+48% revenue), but its guidance for custom AI chips next quarter fell short ($16B vs $17.2B expected). They did not raise their annual forecast for 2026. The market read this as: "Has demand peaked already?"
2. Employment data (June 5) – 172,000 jobs were added (more than double the expectation). The probability of a rate hike in December jumped from 26% to 43%. The 10-year bond yield climbed to 4.84%.
3. Extreme overbought – The semiconductor sector had surged +73% this year and was in the 97th percentile of historical overbought levels.
4. Geopolitics – Iran launched missiles at Israel over the weekend. Oil jumped to $97 per barrel.
💣 CONSEQUENCES
· Nasdaq -4.18% (worst day since April 2025)
· KOSPI -8% (South Korea), Nikkei -3.85%
· Micron -13%, AMD -11%, Marvell -17%
· Crypto market lost $130 billion (risk-off contagion)
🚀 TECHNICAL REBOUND (June 8 premarket)
Nvidia +2.7%, Broadcom +3.3%, Micron +8.3%. SOXX ETF +2.4%.
🧠 IS IT THE END OF THE PARTY OR A PAUSE?
Jensen Huang (Nvidia): "We are at the beginning of the AI revolution. The drop is a buying opportunity". Deutsche Bank: "This feels like 1999 colliding with 1990".
The big question: Is this the end of the semiconductor rally or just a healthy digestion?
Are you buying the dip or waiting? 👇