US Tech 100 Closes 4.2% Lower at 25,709 on Chip Rout and Hot Jobs

US Tech 100 plunged 4.2% to close at 25,709.43 on June 5 after a hotter-than-expected May jobs report triggered broad risk-off moves and fully priced a 25 bp Fed hike by year-end. The decline began June 4 when Broadcom’s weak AI-chip guidance sent Nasdaq futures down more than 1% and Broadcom shares plunging over 13%. Semiconductor names led the selloff, with Arm falling 11.3%, Nvidia and Micron each losing about 6% and 11%, erasing roughly $1 trillion in market value and pushing Bitcoin nearly 5% lower.