On June 5, ARM Holdings fell 3.41% in pre-market trading, trading at $374.91/share, with trading volume of $2.7375 million, extending losses from the prior session's semiconductor selloff.

The decline was triggered by Broadcom's disappointing fiscal Q2 earnings report, in which the company projected third-quarter AI chip sales of $16 billion — below the market expectation of $17.2 billion. Additionally, Broadcom CEO Hock Tan did not raise the company's full-year AI chip sales target of over $100 billion, sparking broad selling pressure across the chip sector. Broadcom shares plunged over 12% in regular trading, while the VanEck Semiconductor ETF (SMH) dropped more than 1%. ARM had already fallen over 4% in the prior session as part of the sector-wide rout.

Within the Semiconductor sector, declines remain widespread. Among major peers, Micron Technology is down 4.32%, Marvell Technology down 4.13%, Advanced Micro Devices down 2.73%, Broadcom down 1.87%, and NVIDIA down 1.5%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)