June 4, 2026

By Nigam Arora

To gain an edge, this is what you need to know today.

Semi Mania

Please click here for a chart of Broadcom stock (AVGO).

Note the following:

• The Morning Capsule is about the big picture, not an individual stock.  The chart of AVGO stock is being used to illustrate the point.  Broadcom is a semiconductor company that has diversified into software.  AVGO stock has run up primarily because of its custom AI chip offerings.
• The chart shows AVGO stock ran up going into earnings.  The buying was mostly from the momo crowd.  Momo gurus were predicting blowout earnings from Broadcom and the stock going to the moon after earnings.