US stock futures fall as Broadcom tanks 13% (2026)

Futures extend losses after tech rally stalls

US stock futures stayed under pressure for a second straight session as the record-breaking run in technology shares paused. The move followed a disappointing outlook from Broadcom, which triggered weakness across semiconductors and other high-growth names. Futures for the S&P 500 were down 0.4%, while Dow Jones Industrial Average futures fell 0.3%. Nasdaq-linked futures were hit harder, with Nasdaq futures down by more than 1% as selling concentrated in technology. The setup pointed to a risk-off open after investors reassessed how much earnings momentum is already priced into AI-linked stocks.

What happened in Wednesday’s regular session

The pressure in futures came after a down day in cash trading on Wednesday. The Dow fell 1.21% in the regular session, while the S&P 500 lost 0.74%. The Nasdaq Composite declined 0.89%, reflecting broad weakness in growth and momentum stocks. The declines suggested traders were already turning cautious after a strong stretch for technology shares. The following session’s futures move added to that cautious tone.

Broadcom guidance becomes the catalyst

Broadcom was the main trigger for the renewed sell-off in technology. The stock slumped 13% in US premarket trading after its forecast for artificial intelligence semiconductor revenue in the current quarter fell short of market expectations. The reaction was amplified by the stock’s sharp run-up just before the outlook. Broadcom had added nearly $150 billion in market value just this week, a move that left little room for disappointment. As the stock fell, sentiment weakened across the chip complex and spilled into broader technology exposure.

Tech sell-off spreads beyond semiconductors

The weaker guidance set off a wider pullback, dragging Nasdaq futures down by more than 1%. Several major technology names traded lower in sympathy. Intel slipped 2%, while Advanced Micro Devices fell 2.9%. Palantir Technologies declined 1.5% and Qualcomm was down 1.9%. Arm Holdings dropped 4.3%, showing that the selling extended beyond one company and into the wider AI and semiconductor trade. The move underlined how tightly positioned markets appeared in tech after a strong run.

CrowdStrike drops despite raising its revenue forecast

The selling also hit software and cybersecurity names. CrowdStrike Holdings fell 11% even after raising its revenue forecast, according to the information provided. That combination of higher guidance and a falling stock price highlighted how sensitive the market was to sector-wide risk reduction. It also suggested that company-specific updates were being overshadowed by the broader rotation away from crowded technology trades.

Oil pulls back on Israel-Lebanon ceasefire hopes

Energy markets moved in the opposite direction, with crude easing after three consecutive sessions of gains. Brent fell $1 a barrel to $14 per barrel, and WTI fell by nearly $1 to $12. The pullback followed a conditional ceasefire agreement between Israel and Lebanon, which reduced immediate supply-risk fears in the region. Even after the decline, crude was still higher on the week. Brent remained up 4% this week, while WTI had gained around 7%.

SpaceX IPO headline adds to the day’s news flow

Alongside the market and commodity moves, SpaceX set its IPO at $135/share, as stated in the supplied text. While this is not directly linked to the day’s tech sell-off, it added to the flow of high-profile technology and capital markets headlines. The IPO pricing reference also came at a time when investors were actively repricing risk in high-growth segments.

Key numbers to watch

The following table summarises the main market moves and reference levels reported in the text.

Why this matters for investors

The day’s move reinforced two themes. First, expectations around AI-driven semiconductor demand remain a key driver for the broader technology complex, meaning guidance from a single large player can ripple quickly through futures and peer stocks. Second, the price action suggested that some investors were reducing exposure after a sharp run, especially when results or forecasts did not beat elevated expectations. At the same time, the drop in oil prices showed how quickly geopolitical headlines can alter inflation-sensitive inputs, even when crude remains higher over the week.

Conclusion

US stock futures slipped again as Broadcom’s weaker AI semiconductor revenue outlook halted a technology rally and pulled peer stocks lower. Meanwhile, crude eased after a conditional Israel-Lebanon ceasefire agreement, though weekly gains in Brent and WTI remained intact. Traders will be watching whether the tech pullback stays contained to AI-linked names or broadens further as markets digest guidance and cross-asset signals.