AMD falls about 6.5% on June 5 as Broadcom's guidance cools AI chip hopes

AMD shares fell about 6.5% in the morning session on Friday, June 5, 2026, to about $483, after Broadcom's guidance reset expectations for how fast hyperscalers will spend on AI chips. A stronger-than-expected jobs report added pressure by reviving worries that the Fed would delay rate cuts. The drop removed the sector's most visible growth catalyst for the day and showed how closely AMD trades with AI accelerator sentiment.

• Down about 6.5% in the morning session, near $483.04
• Trigger: Broadcom guidance reset hyperscaler AI chip spending expectations
• Added pressure: stronger-than-expected jobs report and Fed rate-cut worries