Broadcom and AMD Sink 4%, NVIDIA Slides 3% as the Chip Selloff Deepens

Quick Read

• Broadcom and AMD each fell 4% while NVIDIA slid 3%, as AI guidance disappointment, Fed fears, and looming mega IPOs deepened the chip rout.

• Broadcom’s Q3 AI revenue outlook of $16 billion missed analyst expectations, triggering a 14% share drop despite posting 48% overall revenue growth.

• BNP Paribas warns that investors may liquidate chip positions, with NVIDIA’s $5 trillion market cap particularly at risk, in order to fund SpaceX, Anthropic, and OpenAI IPOs.

• Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and AMD didn’t make the cut. Grab the names FREE today.

Semiconductor stocks are under renewed pressure midday Wednesday. Shares of Broadcom (NASDAQ:AVGO) are down 4% to $375, Advanced Micro Devices (NASDAQ:AMD) stock is off 4% to $457, and NVIDIA (NASDAQ:NVDA) shares are down 3% to $202. The intraday selloff extends a rough stretch for AI-hardware leaders.

No single catalyst fully explains the slide. Three overlapping concerns are weighing on the group: lingering worries about AI margin pressure, a hawkish repricing of Federal Reserve policy, and chatter about capital rotation into a wave of approaching mega AI IPOs.

Broadcom’s AI Guidance Hangover

The most concrete trigger traces back to Broadcom’s earnings report last week. The company’s Q3 FY2026 AI semiconductor revenue outlook of roughly $16 billion came in below…