CNBC
05 Jun 2026, 01:34 UTC · 1h ago
CNBC Daily Open: Chips are down — but not for the Dow
Read original · https://www.cnbc.com/2026/06/05/iran-war-trump-ceasefire-chip-selloff-do-record.html
CNBC
05 Jun 2026, 01:34 UTC · 1h ago
Story key points
6 claims · impact-rated
Broadcom shares tumbled approximately 15% after missing revenue expectations, dragging down the Nasdaq. — A significant miss by a major semiconductor bellwether often signals slowing demand for AI/chips, triggering broader tech sector contagion.
-0.80Blackstone and Partners Group have capped investor withdrawals in private credit and equity funds due to a spike in redemption requests. — Gating funds indicates liquidity stress in private markets, which can spark systemic concerns about valuation bubbles and credit risk.
-0.70Oil prices declined by roughly 3% following President Trump's openness to meet Iran's Supreme Leader and signals against resuming full-scale war. — Reduced geopolitical risk in the Middle East eases the risk premium on crude and lowers inflationary pressure.
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Nvidia CEO Jensen Huang is summoned to testify before the Senate Banking Committee on June 11 regarding China sales and export controls. — Regulatory scrutiny over China revenue poses a direct risk to the growth projections of the world's most valuable chip company.
-0.40SpaceX is preparing for a record-breaking IPO aiming to raise $75 billion at a $1.75 trillion valuation. — A massive successful listing boosts overall market sentiment and provides a valuation benchmark for the private space economy.
+0.30Bitcoin has erased all gains since the start of the Iran war, falling toward $62,000 amid ETF outflows and strategic sales. — The loss of momentum and institutional outflows suggests a shift in risk appetite away from digital assets.
-0.30Ticker attribution
Model heads
Broadcom tumbled approximately 15% after missing revenue expectations.
Blackstone capped withdrawals from its flagship private credit fund due to a spike in redemption requests.
Partners Group restricted withdrawals for a private equity vehicle amid spreading pressure.
CEO Jensen Huang is required to testify before the Senate Banking Committee regarding China sales and export controls.
The company is striving to meet high demand and signaled a willingness to raise prices.
Morgan Stanley is hosting events for a record-breaking SpaceX IPO.
Bank of America is hosting events for a record-breaking SpaceX IPO.
JPMorgan is hosting events for a record-breaking SpaceX IPO.
Mentioned as a source of analysis regarding World Cup hospitality stocks.
Mentioned as a source of analysis regarding World Cup hospitality stocks.
[mutual] Wall Street banks are competing to fete clients ahead of the SpaceX listing.
[mutual] Wall Street banks are competing to fete clients ahead of the SpaceX listing.
[mutual] Wall Street banks are competing to fete clients ahead of the SpaceX listing.
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