# ChipStocksCrashedDowHitRecordHigh

On June 4, US stocks showed extreme divergence. Broadcom plunged over 11% after its AI revenue guidance fell short of expectations, wiping out about 286 billion US dollars in market cap, dragging down Micron, Arm and other chip stocks. The Philadelphia Semiconductor Index fell more than 2%. However, the Dow surged nearly 810 points led by healthcare and financial stocks, closing at 51,496 for a record high. The S&P 500 edged up 0.53%, while the Nasdaq barely gained 0.23%. AI exuberance is cooling, but blue chips are taking over.