Chip Selloff Deepens: Broadcom, AMD, NVIDIA Fall

Broadcom and AMD each fell 4% while NVIDIA slid 3% as the chip selloff deepened. Broadcom's Q3 AI revenue outlook of $16 billion missed analyst expectations of $17.2 billion, triggering a 14% drop last week. BNP Paribas warned investors may liquidate chip positions to fund SpaceX, Anthropic, and OpenAI IPOs.