---
title: "NASDAQ tumbles as chip stocks sink on jobs data, yields surge"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/288898168.md"
description: "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."
datetime: "2026-06-05T19:19:38.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/288898168.md)
  - [en](https://longbridge.com/en/news/288898168.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/288898168.md)
---

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

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.

### Related Stocks

- [MRVL.US](https://longbridge.com/en/quote/MRVL.US.md)
- [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md)
- [AMD.US](https://longbridge.com/en/quote/AMD.US.md)
- [INTC.US](https://longbridge.com/en/quote/INTC.US.md)
- [AVS.US](https://longbridge.com/en/quote/AVS.US.md)
- [AMDL.US](https://longbridge.com/en/quote/AMDL.US.md)
- [AVGW.US](https://longbridge.com/en/quote/AVGW.US.md)
- [AVL.US](https://longbridge.com/en/quote/AVL.US.md)
- [MVLL.US](https://longbridge.com/en/quote/MVLL.US.md)
- [INTW.US](https://longbridge.com/en/quote/INTW.US.md)
- [AMDD.US](https://longbridge.com/en/quote/AMDD.US.md)
- [AVGG.US](https://longbridge.com/en/quote/AVGG.US.md)
- [AVGU.US](https://longbridge.com/en/quote/AVGU.US.md)
- [AVGX.US](https://longbridge.com/en/quote/AVGX.US.md)
- [AMUU.US](https://longbridge.com/en/quote/AMUU.US.md)
- [AVGO.US](https://longbridge.com/en/quote/AVGO.US.md)

## Related News & Research

- [Intel Just Landed a Major Foxconn AI Win. INTC Stock Needs Proof, Not Hope, to Climb Further.](https://longbridge.com/en/news/288887744.md)
- [AMD Commits up to £2 Billion to Accelerate AI Innovation and Research in the United Kingdom | AMD Stock News](https://longbridge.com/en/news/289024339.md)
- [Is AMD or Broadcom the Best AI Chip Stock After Nvidia?](https://longbridge.com/en/news/288923829.md)
- [AVGO vs MRVL: Which AI Chip Stock Do Analysts Prefer?](https://longbridge.com/en/news/288459911.md)
- [Why Marvell Technology Rallied in May](https://longbridge.com/en/news/288960169.md)