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Broadcom, Ciena lead tech stocks lower after lackluster guidance

Jun 04, 2026, 12:01 PM ETMicron Technology, Inc. (MU) Stock, HXSCL Stock, AVGO Stock, SOX, CIEN StockAMD, INTC, STX, WDC, NVDA, MRVL, TSM, COHR, APLD, NBIS, LITE, P, COMP:IND, DJI, IREN, SNDK, CRWVBy: Brandon Evans, SA News Editor
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Broadcom (AVGO) sank 13% by noon trading on Thursday, bringing much of the semiconductor stocks down with it following guidance that was apparently not as strong as investors expected.

Meanwhile, Micron Technology (MU) shares dropped about 7% after South Korean

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