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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InUS stock futures and Asian markets declined as renewed geopolitical concerns between the US and Iran triggered a risk-off sentiment across global exchanges. The technology sector faced significant pressure, driven by losses in semiconductor stocks and weaker-than-expected AI growth guidance from Broadcom. Additionally, rising inflation jitters and fears of sustained high interest rates continued to weigh on investor confidence, snapping recent winning streaks.
The retreat in tech follows a period of high expectations, with Broadcom (AVGO) closing at $372.1 and Oracle (ORCL) at $201.26 per market data on June 10, 2026. This downward trend is further highlighted by Super Micro Computer (SMCI) closing at $40.64 on June 9, 2026. Analysts note that the cooling guidance from major chipmakers contrasts with the aggressive AI-driven rallies seen in previous quarters, suggesting a potential shift in sector momentum.
Traders should monitor key levels for Hong Kong-listed peers, with AIA Group (1299.HK) at 70.25 HKD and HSBC (0005.HK) at 135.3 HKD as of the June 10, 2026 close. With no major high-impact economic data scheduled in the immediate 7-day calendar, market direction will likely be dictated by further geopolitical developments in the Middle East and the ability of tech stocks to find technical support.