Gary Black: Stocks decline pre-market on AI weakness and interest rate concerns

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05.06.2026

Gary Black: Stocks decline pre-market on AI weakness and interest rate concerns — Stocks drop on weak AI and rate concerns

Gary Black, managing partner and investor at The Future Fund, reports that stocks fell in pre-market trading due to weakness in artificial intelligence and AVGO's soft guidance on Wednesday night. Brent oil dropped to $95 per barrel, while BTC fell 1.5% to $62.6K and is now down 50% from its October all-time high.

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Black previously pointed out that AVGO shares had risen on Wall Street interest in custom AI chips. Before today’s session, he also noted that stocks traded lower pre-market after weak chip guidance from AVGO. Bitcoin’s sharp decline since October remains a focus in his recent reports.

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