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A Broadcom earnings miss and Iran strikes on a U.S. ally ended the market's record run

Broadcom stock dropped 13% after the chipmaker's earnings fell short of expectations. Broader chip stocks also took a hit

A Broadcom earnings miss and Iran strikes on a U.S. ally ended the market's record run

Published July 3, 2026 · Category: Markets

Overview

Broadcom stock dropped 13% after the chipmaker's earnings fell short of expectations. Broader chip stocks also took a hit

Source

Originally published at qz.com.

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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.