📈 PRE-MARKET MOVERS: JUNE 4
🤖 AI / SEMIS / HARDWARE
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$AVGO -14% | Beat earnings, but revenue/AI guide disappointed after a massive run.
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$MRVL -6% | Selling off with AI semis after Broadcom’s report.
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$MU -6% | Down with the AI hardware/memory trade.
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$SMCI -6% | Pulling back with AI infrastructure names.
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$AMD -4% | Weak with semis after Broadcom’s AI outlook failed to impress.
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$QCOM -3% | Chip group pressure.
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$CIEN -6% | Beat earnings and raised guidance, but expectations were too high after a huge AI/networking run.
🛡️ CYBER / SOFTWARE
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$CRWD -10% | Beat Q1 and raised guidance, but stock sold off on high expectations/valuation after a huge YTD move.
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$NTSK -19% | Sharp software/cyber selloff; one of the biggest notable mid-cap losers.
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$VEEV -5% | Sold off despite earnings beat; software tape is weak.
🛍️ RETAIL / CONSUMER
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$PVH -22% | Cut full-year revenue outlook, citing Iran war impact on EMEA demand.
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$FIVE -11% | Dropping after earnings/guidance reaction.
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$SNBR -64% | Crushed after report the company is preparing for a potential bankruptcy filing.
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$ZGN 9% | One of the stronger retail/apparel gainers premarket.
₿ CRYPTO / BITCOIN-LINKED
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$COIN lower | Bitcoin dropped below ~$63k, pressuring crypto equities.
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$HOOD lower | Weak with crypto-linked names.
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$MSTR lower | Selling off with Bitcoin.
📈 OTHER NOTABLE GAINERS
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$STI 200% | Massive low-float volume runner; no clean major catalyst found yet.
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$CXAI 70% | Ripping after EngineRoom acquisition expected to boost revenue/run-rate.
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$SBEV 50% | Low-float beverage runner continuing huge volatility.
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$MOBX 25% | High-volume low-float semiconductor/defense hardware runner.
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$SNX 7% | Strength in IT distribution / AI infrastructure-related supply chain.
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$AXTA 3% | One of the stronger industrial gainers.
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$CNC 3% | Defensive healthcare bid.
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$FLR 3% | Industrial/infrastructure strength.
📉 OTHER NOTABLE LOSERS
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$ADCT -53% | Downgraded by RBC to Sector Perform with price target cut.
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$HUBC -63% | Selling off around 1-for-20 reverse split.
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$AIV -29% | Sharp premarket decline.
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$XOS -22% | Giving back part of yesterday’s massive low-float power/data-center move.
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$SNDK -6% | Weak with memory/AI hardware names.
👀 THEMES THIS MORNING
• AI semis are getting punished because Broadcom’s quarter was good, but not “perfect.”
• Cyber/software is weak even when numbers are fine.
• Crypto stocks are under pressure with Bitcoin below ~$63k.
• Retail/apparel has a major blowup in
$PVH.
• Low-float momentum is still alive, but a lot of these are pure volume runners, not clean fundamental catalysts