TNB Tech Minute: Broadcom Results Drag Tech Stocks Down
WSJ Tech News Briefing
The Wall Street Journal
4.3 • 1.7K Ratings
🗓️ 4 June 2026
⏱️ 3 minutes
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| 0:32.9 | T&B Tech Minute for Thursday, June 4th. I'm Julie Chang for the Wall Street Journal. Broadcom's |
| 0:39.2 | latest results dragged tech stocks down today. The semiconductor and software makers' shares |
| 0:44.5 | tumbled more than 12.5% after its guidance on AI demand failed to live up to investors' lofty |
| 0:51.2 | expectations. That cascaded through other stocks tied to AI. Micron technology |
| 0:56.8 | closed down nearly 7.3 quarters percent. AMD fell over 3.5 percent, and Qualcomm fell over 2.5 |
| 1:04.9 | percent. Canada wants to pump up its homegrown AI industry. It unveiled a new national AI strategy today dubbed AI for All, |
| 1:14.8 | which includes a fund of about $360 million to boost domestic AI companies |
| 1:20.7 | and encourage adoption of the tech. |
| 1:23.6 | The Canadian Tech Growth Fund will also provide a platform for Ottawa to at times take equity |
| 1:29.5 | stakes in the most promising AI firms. Use of AI in the country remains low. About 12% of |
| 1:36.8 | of Canadian companies were producing goods and services using AI as of mid-2025. The government wants |
| 1:43.5 | to increase that to 60% by 2034. It also hopes the strategy |
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