$MU down 13.88% to $837.50, now leading the S&P lower as the Broadcom-triggered chip selloff stretches into a third session. Broadcom guided Q3 AI revenue to $16B against $17.2B consensus and refused to raise its $100B full-year forecast — the market read it as AI capex plateauing, and HBM-levered memory names took the brunt. After a ~93% run into this week's all-time high, there was no fundamental cushion; fiscal Q3 on June 24 is the next real test of whether the memory cycle has peaked.
Tradeable with up to 10x leverage.
Hyperliquid.
$MRVL fell 15.57% over 15h to $261.40, swept up in a chip rout that drove the Philadelphia Semiconductor Index down 10.3% — its worst day since March 2020 — after Broadcom reiterated rather than raised AI guidance. A hot 172k jobs print pushed out near-term rate cuts, and the most crowded custom-silicon name took the deepest cut as the complex shed ~$1.3T. The S&P 500 add was confirmed after the close for June 22, but a forced passive bid three weeks out couldn't hold a tape this risk-off.
Tradeable with up to 10x leverage.
Hyperliquid.
$SKHX sits near $1,225, down 12.99% over 22h and ~9% below where SK Hynix common marks after Friday's Seoul close. The cash stock fell about 9% to ₩2.07M in the Broadcom-triggered memory unwind that tripped a KOSPI circuit breaker, and with Korea now shut for the weekend, dollar traders are carrying that discount across two sessions of no repricing rather than waiting for Monday. No new catalyst — same flush, frozen until the June 8 open, with the basis now an explicit bet on a third red Seoul session.
Tradeable with up to 10x leverage.
Hyperliquid.
$MU down 9.84% to $883.80, extending the chip selloff that started when Broadcom guided Q3 AI revenue to ~$16B against $17.2B consensus and refused to raise its 2026 forecast. The tell: Micron landed HBM4 certification for Nvidia's Vera Rubin platform the same week and the stock still can't hold a bid — after running ~93% in a month, there was no fundamental cushion to absorb a sentiment flip. Fiscal Q3 on June 24 is the next real test of whether the memory cycle has peaked.
Tradeable with up to 10x leverage.
Hyperliquid.
$MRVL down 9.52% over 24h to $281.30, still with no company-specific bad news — Broadcom's guidance miss reset hyperscaler AI-spend expectations and a hot jobs print pushed out rate cuts, and the most crowded custom-silicon name is the first thing desks sell. It ran ~102% off its May low on Jensen Huang's "trillion-dollar company" line and left no analyst target above $300, so that bid was pure momentum. The S&P 500 inclusion call is expected around June 6: an add forces passive desks to buy, a deferral removes the only reason the final leg existed.
Tradeable with up to 10x leverage.
Hyperliquid.
ZEC perps on Hyperliquid traded at 12–13x normal volume ahead of a bug disclosure — ~$560M in a single hour on Jun 5 as the news got priced in. The move spilled into correlated liquidations across NEAR, VVV, HYPE and ENA.
$ZEC is back at $366 after wicking toward $250 on the Orchard counterfeit-bug crash, reclaiming the exact level that broke on the way down. The selloff was spot-led — futures liquidations stayed light while open interest hit a record high and shorts piled in, so the bounce is now offside for the most crowded bet on the tape. The supply-integrity question the bug opened still has no cryptographic answer, which caps how far trust-driven buyers will chase.
Tradeable with up to 10x leverage.
Hyperliquid.
$EWY down 14.21% to $174.90 as Broadcom's soft AI-chip guidance cascaded straight into Seoul's memory names — SK Hynix -9.92%, Samsung -6.40%, the two stocks that are ~44% of the basket. The KOSPI tripped a circuit breaker and closed -5.54% at 8,160.59; the perp's 24h loss ran about 2.5x the cash session as foreigners net-sold ~27 trillion won over six days, hoarding cash ahead of the SpaceX and OpenAI listings. The chip concentration that powered Korea's run toward 8,000 is now the single-name risk dragging it back.
Tradeable with up to 20x leverage.
Hyperliquid.
$QNT is down 15% over 19h, with the cash stock cutting to a fresh $51.26 low on its second session — deeper below the $60 IPO price it gave back yesterday. The whole quantum complex sold off in sympathy: Arqit -8%, Infleqtion -9%, Rigetti -7%, D-Wave and QUBT -6%, IonQ -3%. The bear case is now in the numbers — Q1 revenue fell 73% to $5.24M against a $136.5M net loss on a ~$15.7B valuation — and the perp is just a clean proxy for that Nasdaq tape making lower lows.
Tradeable with up to 10x leverage.
Hyperliquid.
$XYZ100 down 4.7% to ~$29,060 as May payrolls printed 172k against ~80k expected, pushing December Fed hike odds to roughly 70% and gutting the long-duration trade the Nasdaq-100 is built on. Chips led the unwind — Marvell -12%, Micron -11%, AMD -10% — after Broadcom grew AI revenue 143% and still fell 14% for missing the guidance bar. Worst session for the index since April 2025, and as long as the labor market runs this hot the hike stays live.
Tradeable with up to 30x leverage.
Hyperliquid.
$LITE -9.39% to $871, its second ~9% down-day this week as the whole AI-optics complex — AAOI, COHR, LITE — gives back a parabolic run. No company-specific bad news: 90% revenue growth, NVIDIA's $2B, and a sold-out order book are all intact; this is profit-taking off a ~125% YTD move and a near-20% drawdown from the $1,086 high. Northland just lifted its target to $1,200 while Trefis flagged $630 downside — the sell-side stack and the tape are pointed in opposite directions.
Tradeable with up to 10x leverage.
Hyperliquid.