Super Micro Computer $SMCI fell 9% in extended trading after proposing $7.0B of equity and equity-linked financing. The company tied the capital raise to about $39B of recent AI-server orders from more than 20 customers.
The HN discussion focused less on whether AI feels impressive and more on whether the infrastructure math can keep working. Ed Zitron’s essay frames the slowdown question as a financing and revenue problem.
Broadcom $AVGO fell more than 12% after Q2 FY2026 revenue of $22.187B missed estimates, according to CNBC market data. The company’s SEC-filed release showed AI semiconductor revenue of $10.8B, up 143% year over year, and Q3 revenue guidance near $29.4B.
Ciena $CIEN dropped ~8.9% premarket June 4 despite beating Q2 FY2026 estimates — revenue of $1.57B (+40% YoY) and adjusted EPS of $1.64 vs. $1.46 estimate. FY2026 guidance was raised to $6.3B ±$100M (+32% YoY), but investors expected more after an AI-driven sector rally. Lumentum, Coherent, Marvell, and Corning fell in sympathy.
Broadcom $AVGO fell 15% on June 4 — its worst day since January 2025 — after Q3 AI chip guidance of $16B missed the $17.2B analyst estimate by $1.2B. Q2 FY2026 revenue of $22.19B and non-GAAP EPS of $2.44 both beat consensus, and full-year AI semiconductor guidance was left unchanged at 'in excess of $100B,' disappointing a market that had priced in a raise.
Hewlett Packard Enterprise rose about 30% after fiscal Q2 revenue reached $10.7B, up 40% year over year, and non-GAAP EPS of $0.79 topped the company outlook. The company also raised FY26 revenue growth guidance to 29%-33% and free-cash-flow guidance to at least $3.5B.
AI startup Shift is offering New York residents free house cleaning services in exchange for allowing cleaners wearing camera-equipped 'magic hats' to record the work—capturing real-world home environment data to train future household robots.
At the Mistral AI Now Summit in Paris, Mistral unveiled its evolution from a model developer into a full-stack AI infrastructure company with its own compute resources, specialty models, and enterprise partnerships across Europe.
Samsung Electronics (005930.KS) rose as much as 6.5% after shipping 12-layer HBM4E samples to major global customers. The company says the chip reaches up to 16Gbps and targets next-generation AI workloads.
Dell $DELL rose 39% after fiscal Q1 revenue reached $43.8B, up 88% year over year, with AI server revenue at $16.1B. The company lifted FY2027 guidance to $165B-$169B in revenue and $17.90 adjusted EPS.
Intuit posted Q3 FY2026 revenue of $8.56 billion (+10% YoY) and non-GAAP EPS of $12.80, raising full-year guidance to $21.34–$21.37 billion (13–14% growth). TurboTax Online units are forecast to decline ~2% as AI-native tax entrants gain share, though TurboTax Live surged 36% to partially offset the pressure.
Developer Josh Comeau argues that AI tools act as force multipliers for existing skills, not equalizers. Experienced engineers see outsized gains while novices hit architectural dead-ends fast.