The Nasdaq just had its worst day since April 2025, and if you owned anything with leverage to chips, crypto mining, or speculative growth, you felt all of it on June 8 2026.
By Ruslan Averin.
This is the kind of session where the tape tells a cleaner story than the headlines, so here is Ruslan Averin's stock analysis of what actually moved and why it matters going forward.
What happened
The Nasdaq fell roughly 4% — the steepest single-day drop since April 2025 — and the trigger was concentrated in semiconductors. Broadcom's weak AI-chip outlook punctured the assumption that AI demand sets a permanent floor under the sector, and the selling cascaded from the chipmakers into every high-beta corner of the market.
The macro backdrop made it worse. The May jobs report printed 172,000 jobs, roughly double what economists expected. A labor market that hot revived Fed rate-hike fears, lifted Treasury yields, and pulled the rug out from under long-duration growth names that depend on cheap money. The result was textbook risk-off: chips, crypto miners, eVTOL stories, and small caps led the decline, while defensive AT&T barely moved. Apple held up better than the chips it competes with for capital, finishing down just 1.25%.
| Company | Ticker | Move |
|---|---|---|
| POET | POET | -23.36% |
| Micron | MU | -13.25% |
| Archer Aviation | ACHR | -13.17% |
| Ondas | ONDS | -12.87% |
| IREN | IREN | -12.14% |
| BitMine | BMNR | -11.12% |
| BlackBerry | BB | -8.99% |
| Tesla | TSLA | -6.56% |
| Amazon | AMZN | -3.06% |
| Ford | F | -2.87% |
| Apple | AAPL | -1.25% |
| AT&T | T | -0.09% |
What I'm watching
The dispersion is the real signal here. POET down 23.36% and AT&T down 0.09% on the same day is not noise — it is the market re-pricing risk along a single axis: how much each name depends on a continued easy-money, AI-everything regime. The chips and the crypto miners absorbed the worst of it because they sit at the intersection of high beta and the exact narratives Broadcom's guidance called into question.
What I want to see next is whether the jobs print was a one-off or the start of a trend the Fed has to respond to. If yields keep climbing, the speculative end of this table stays under pressure regardless of company-specific news. If yields stabilize, the deepest cuts — POET, Micron, Archer, IREN — are where the violent snap-backs tend to come from, because forced selling overshoots in both directions.
Bottom line: June 8 2026 was a regime-test, not a verdict. The market punished leverage and rewarded boredom; until the rate picture clears, I'd rather own the names that barely flinched than chase the ones that fell hardest.