Heavy tech earnings week (29+ reports Tue/Thu) with semiconductors still bruised from Broadcom's weak AI-chip outlook (Nasdaq -4.18% on 6/4, worst since Apr 2025). Analysts flag rising worry that "data-center buildout could slow if companies pull back on AI investment." 1d sentiment is 0-7 bearish but 1w is 4-0 bullish — that split into a hawkish-Fed/earnings catalyst week skews risk to the downside. Contrarian DOWN: expect retest of 720 area as AI-spend moderation fears bite.