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BlockBeats News, June 4th, according to Bitget market data, Broadcom's stock price fell more than 13% in after-hours trading. The company's revenue forecast for its AI chip was below expectations, indicating slower progress in capturing a larger share in this rapidly growing industry than the market had anticipated. Broadcom stated in an announcement on Wednesday that its AI semiconductor revenue for the third quarter ending in July is expected to be $16 billion. Data shows that analysts' average expectation was $17.2 billion. Broadcom's CEO, Hock Tan, stated that for the fiscal year ending in October, Broadcom's AI chip sales are projected to be $56 billion, which is lower than the previous average expectation of $57.6 billion.

(1) The Federal Reserve Beige Book shows that from late April to late May, most regions in the United States experienced rising inflation due to increased energy costs caused by the Iran war, which spread to shipping, packaging, groceries, and fertilizers. There are signs of weakening consumer spending: increased credit card usage, reduced retail foot traffic, and stronger demand for essentials. Various industries are showing a “stagflation” combination—weak demand combined with cost pressures.(2) Dallas Federal Reserve President Logan stated growing concerns that an interest rate hike may be needed later this year. Interest rate futures indicate that traders assign about a 75% probability to a 25 basis point rate hike to 3.75%-4.00% by the end of the year. Walsh will chair his first policy meeting as Federal Reserve Chair in two weeks.(3) The Beige Book noted that the construction of AI data centers is driving moderate economic growth and investment demand, but inflationary pressures persist: rising gasoline prices are prompting consumers to switch to hybrid vehicles or reduce car purchases; energy costs are pushing up fertilizer prices, with New York apple growers expecting lower yields; and manufacturing companies are experiencing weaker demand due to consumer caution. Some young workers are experiencing hiring slowdowns due to AI applications.

ChainCatcher news, according to Lookonchain monitoring, James Wynn has returned and opened a 40x short position of 2.65 BTC (USD 169,000) at a price of USD 66,703.1, with a liquidation price of USD 66,628.7.