Why ROM Holders Watched $10,000 Evaporate to $8,655 When NVIDIA and Broadcom Stumbled on Friday - 24/7 Wall St.

On June 5, 2026, the ProShares Ultra Technology ETF (ROM) experienced a sharp decline, falling from $161.98 to $140.20, a single-day drop of 13.45%. This was driven by underperformance in key holdings... Read original →

The June 5 tech selloff wasn’t random—it was the collision of AI chip euphoria with a macro rate inflection point. Despite strong fundamentals, NVIDIA and Broadcom face downstream capex delays due to EUV tool bottlenecks in their 3nm nodes, disrupting cloud infrastructure timelines. The 13.45% ROM ETF plunge exposed how leveraged vehicles amplify repricing of AI valuation premiums amid rising 2-year Treasury yields. U.S. export controls are escalating compliance costs, particularly constraining foundry expansion flexibility in Taiwan, China, and South Korea. Rivals like AMD and Intel may seize this window to push HBM-integrated alternatives. Over the next 12–24 months, the sector will undergo deleveraging and demand validation: only firms locked into long-term cloud contracts with Google or Microsoft will weather volatility. While sentiment wobbles, AI infrastructure spend remains structurally intact—but capital efficiency is emerging as the new moat.