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Broadcom stock chart showing 13% plunge as investors rotate out of AI chip stocks

Broadcom Plunges 13% Despite a Record Quarter: Has the Great AI Rotation Begun?

Key Points: Broadcom (NASDAQ: AVGO) closed down about 13% even after a record quarter that beat profit forecasts, because its AI revenue outlook was strong but not the blowout the market had priced in. The result itself was good (record revenue, AI chip sales up 143%), but the stock had run about 40%…

ByUjjwal Maheshwari13 hours ago

Megaport (ASX:MP1) Surges 11% as Investors Pour A$518m Into Its AI Cloud Bet, Despite the AI Selloff

KEY POINTS Megaport (ASX: MP1) rose about 11% on 5 June 2026 to around A$18.48, after spiking as much as 27% to a record A$21.16 intraday before fading. The company raised about A$518 million from big investors, with nearly all (99%) taking part. A second offer for everyday shareholders opens on 11…

ByUjjwal Maheshwari18 hours ago

Archer Materials (ASX:AXE) quantum model caught 118 frauds with one false alarm

Archer Materials (ASX:AXE) quantum machine learning model caught 118 of 148 frauds with one false positive, lifting its commercial profile.

ByMarc Kennis1 day ago

dorsaVi (ASX:DVL) projects 2x battery life as RRAM push reframes the exoskeleton play

dorsaVi (ASX:DVL) projects 2x battery life and 25-50% fewer sensors as its RRAM-neuromorphic roadmap targets the exoskeleton intelligence layer.

ByMarc Kennis1 day ago

Just because the worst of the Saaspocolypse may be over, it doesn’t mean all ASX tech stocks will grow. Here are 4 to buy and 4 to avoid!

The Saaspocolypse that has endured throughout the first half of 2026 has been a reminder that even the strongest structural themes can suffer violent drawdowns. Software stocks entered the year priced for perfection, and the market delivered a sharp correction. The S&P All Tech Index fell 27% at the start of the year before rebounding…

ByNick Sundich1 day ago

Marvell Jumped 32% After Nvidia Called It the ‘Next Trillion-Dollar’ Stock: 3 ASX AI Chip Stocks on the Same Trend

KEY POINTS US chipmaker Marvell jumped 32% in a single session after Nvidia's CEO called it a possible "next trillion-dollar company," lifting AI chip stocks worldwide. Australian investors can play the same AI hardware trend through three ASX tech names. The three: Weebit Nano (ASX: WBT) in next-generation memory, Archer Materials (ASX:…

ByUjjwal Maheshwari1 day ago

Yojee (ASX:YOJ) signs second MOSAIC customer and the freight matrix is complete

Yojee (ASX:YOJ) signs Wayfinder as the second MOSAIC commercial customer, completing the freight matrix ahead of the September 2026 commercial release.

ByMarc Kennis2 days ago

Control Bionics (ASX:CBL) lines up 1,000 NextLevel devices and an Apple BCI release

Control Bionics (ASX:CBL) lines up a 1,000-unit NextLevel LOI, US distribution deals and an Apple BCI release targeted for Q3 2026.

ByCharlie Youlden2 days ago

Urbanise (ASX:UBN) targets a $20bn payments flow with NAB integration

Urbanise (ASX:UBN) unveils NAB banking integration, a branded Owners Portal and Strata upgrades targeting a A$20bn-plus annual strata payments flow.

ByCharlie Youlden2 days ago

Looking for EV stocks other than Tesla? Here are 5 of the hottest ones

Tesla (NDQ:TSLA) remains the most recognisable EV stock in the world, but it is no longer the only pioneer in the sector. The global EV market has matured, competition has intensified, and several companies — both pure‑play EV makers and traditional automakers — are fighting for market share. The question for investors is where these…

ByNick Sundich2 days ago

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Tech Stocks

Broadcom Plunges 13% Despite a Record Quarter: Has the Great AI Rotation Begun?

Megaport (ASX:MP1) Surges 11% as Investors Pour A$518m Into Its AI Cloud Bet, Despite the AI Selloff

Archer Materials (ASX:AXE) quantum model caught 118 frauds with one false alarm

dorsaVi (ASX:DVL) projects 2x battery life as RRAM push reframes the exoskeleton play

Just because the worst of the Saaspocolypse may be over, it doesn’t mean all ASX tech stocks will grow. Here are 4 to buy and 4 to avoid!

Marvell Jumped 32% After Nvidia Called It the ‘Next Trillion-Dollar’ Stock: 3 ASX AI Chip Stocks on the Same Trend

Yojee (ASX:YOJ) signs second MOSAIC customer and the freight matrix is complete

Control Bionics (ASX:CBL) lines up 1,000 NextLevel devices and an Apple BCI release

Urbanise (ASX:UBN) targets a $20bn payments flow with NAB integration

Looking for EV stocks other than Tesla? Here are 5 of the hottest ones

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