<div id="readability-page-1" class="page">Jobs data surprise: Employers added 172,000 jobs in May, far above forecasts, keeping unemployment at 4.3% and pushing up Treasury yields. Chip stocks retreat: Broadcom's steady AI revenue outlook triggered declines in peers like AMD, Intel, and Marvell, deepening sector losses. Valuation concerns grow: Analysts warn that AI chip valuations have run ahead of fundamentals, making the sector sensitive to interest rate shifts.</div>

MRVL

.IXIC

<p>The NASDAQ fell as strong May jobs data (172,000 added) boosted Treasury yields. Chip stocks declined, with Broadcom's outlook triggering drops in AMD, Intel, and Marvell. Analysts warn that AI chip valuations exceed fundamentals, increasing sector sensitivity to interest rate shifts.</p>

- Employers added 172,000 jobs in May, surpassing forecasts and maintaining unemployment at 4.3%, which led to an increase in Treasury yields.  
- Broadcom's strong AI revenue outlook caused stock declines in peers such as AMD, Intel, and Marvell, contributing to broader sector losses.  
- Analysts caution that AI chip valuations have outpaced fundamentals, increasing sensitivity to changes in interest rates.

Marvell Tech

NASDAQ Composite Index

Intel

Direxion Daily AVGO Bear 1X Shares

GraniteShares 2x Long AMD Daily ETF

Roundhill AVGO WeeklyPay ETF

Direxion Daily AVGO Bull 2X Shares

GraniteShares 2x Long MRVL Daily ETF

GraniteShares 2x Long INTC Daily ETF

Direxion Daily AMD Bear 1X Shares

Leverage Shares 2X Long AVGO Daily ETF

GraniteShares 2x Long AVGO Daily ETF

Defiance Daily Target 2X Long AVGO ETF

Direxion Daily AMD Bull 2X Shares

Broadcom

NASDAQ tumbles as chip stocks sink on jobs data, yields surge