Broadcom reported record fiscal second-quarter revenue of $22.19 billion on June 3, 2026, up about 48% year-on-year, driven by AI semiconductor sales of $10.8 billion (up 143% YoY). Management said AI bookings topped $30 billion and reiterated a full-year AI semiconductor target of $56 billion, with fiscal 2027 AI sales still expected to exceed $100 billion. Broadcom forecast third-quarter revenue of about $29.4 billion and AI semiconductor revenue of roughly $16 billion, figures that fell short of some analysts’ estimates. The company posted strong margins and cash flow — operating margin around 67% and free cash flow near $10.3 billion — but the guidance and chip-revenue targets triggered a sharp market reaction: shares slid 11–13% in after-hours trading. Executives reassured investors on supply commitments for 2026–27 and highlighted multi‑gigawatt deals with major customers including Google, OpenAI, Anthropic and Meta. Elevated valuation metrics (P/E ~93.6x), notable insider selling and intensifying competition from rivals such as Marvell were also flagged by analysts and market commentators.

TSMC’s chief executive C.C. Wei told shareholders at the company’s annual meeting in Hsinchu that robust adoption of AI across consumer, enterprise and sovereign applications will sustain strong demand for advanced semiconductors and computing power over the next several years. Wei said customers remain optimistic about AI, though TSMC is watching rising component costs and warned it will take a “very long time” for U.S. production to fully meet American customers’ needs. The company has raised its revenue outlook and is stepping up capital spending to expand capacity, including major investment plans in U.S. fabs. TSMC highlighted steep year-on-year gains in employee profit-sharing—around 30% increases for 2024 and 2025 and projected again for 2026—and pointed to a marked share-price rally over the past year. Market-focused outlets noted analyst and valuation commentary that the company faces supply constraints that could keep advanced-node pricing power high, while some investors flagged elevated valuation metrics and recent share volatility tied to customer outlooks.

India’s Ministry of Mines is set to shortly unveil a policy offering roughly ₹3,000 crore (about 30 billion rupees) in incentives to establish domestic lithium and nickel processing capacity, sources told Reuters on June 4. The scheme targets minerals critical to electric vehicle (EV) batteries as New Delhi seeks to cut imports and build an EV value chain. Proposed eligibility would require minimum plant capacities of 30,000 metric tonnes for lithium and 50,000 tonnes for nickel. Reporting indicates the policy could include a roughly 15% capital subsidy, staged payments tied to performance and utilisation benchmarks, and incentives available for about five years. Initial support may be earmarked for two lithium and two nickel projects. The move supports India’s ambition of 30% electric car penetration and 80% two-wheeler electrification by 2030 (from about 6% and 9% today), and follows earlier government signals that it had shortlisted these two minerals for processing policy support.

Global oil prices eased on June 4 after Israel and Lebanon announced an agreement to implement a ceasefire, reducing near-term regional escalation risk and boosting hopes for a broader U.S.-Iran de-escalation that could reopen the Strait of Hormuz. Brent futures were down about 0.89% at $96.92 a barrel and U.S. West Texas Intermediate fell roughly 0.81% to $95.24 by 0458 GMT. Markets had earlier jumped following renewed Middle East hostilities, including Iranian strikes on Kuwait and U.S. military action near the Strait. Analysts warned the détente remains fragile: the truce is reported to be conditional on Hezbollah ceasing hostilities and broader U.S.-Iran negotiations are ongoing. Supply-side concerns persist after U.S. crude inventories unexpectedly dropped by 8 million barrels to 433.7 million for the week to May 29, and the IEA cautioned that global stocks could reach critically low levels ahead of peak summer demand. Energy consultancy ING noted inventories are likely to tighten into the third quarter, leaving upside risk to prices even if flows through Hormuz resume slowly.

Gold prices moved higher on June 4 as a softer U.S. dollar and easing oil prices lifted demand for the safe-haven metal amid renewed hopes of de‑escalation in the U.S.-Iran conflict. Spot gold was up about 0.7% at $4,464.69 an ounce and U.S. August futures gained near $4,491.70, reversing losses from the prior session when bullion fell as investors priced in higher interest-rate risks. Markets had been hit on June 3 by renewed Middle East hostilities—an Iranian strike that damaged Kuwait’s airport and U.S. strikes near the Strait of Hormuz—which pushed oil and the dollar higher and weighed on gold. Comments from New York Fed President John Williams that Fed policy need not change for now and a ceasefire between Israel and Lebanon helping ease some risk premiums also supported bullion. Other metals moved similarly: silver around $73–74, platinum and palladium posting modest gains.