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# Evening Scan
- URL: https://adjacent.media/scan/2026-06-04-pm/
- Published: 2026-06-04T23:06:13.000Z
- Updated: 2026-06-04T23:06:14.000Z
- Description: Quantinuum’s IPO priced above range and upsized — a clean win for quantum’s credibility when most of the sector remains pre-revenue. Broadcom beat on revenue but missed AI chip guidance, dropping 12% after hours. Apparently “almost” doesn’t count in the semiconductor race.
- Author: Jonathan Greene
- Tags: #scan-pm, #scan

Quantinuum's IPO priced above range and upsized — a clean win for quantum's credibility when most of the sector remains pre-revenue. Broadcom beat on revenue but missed AI chip guidance, dropping 12% after hours. Apparently "almost" doesn't count in the semiconductor race.

> **$15.6B** — Quantinuum's post-IPO valuation, for a company in a sector that still largely sells potential. *(Bloomberg)*

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#### [Quantinuum Prices IPO at $1.68B, Setting a New Bar for Quantum](https://thenextweb.com/news/quantinuum-prices-its-ipo-at-1-68bn-setting-a-new-bar-for-quantum?ref=adjacent.media)

Priced at $60 against a $53–$55 marketed range and upsized. Investors didn't just show up; they pushed. *(The Next Web)*

#### [Broadcom Q2 Up 48% YoY — Then the AI Forecast Landed](https://www.reuters.com/world/china/broadcom-forecasts-quarterly-revenue-above-estimates-2026-06-03/?ref=adjacent.media)

Broadcom beat revenue but missed Q3 AI semiconductor guidance. The stock dropped 12% after hours. *(Reuters)*

#### [Benchmark Raises $2B, Including Its First-Ever Growth Fund](https://www.wsj.com/finance/investing/silicon-valley-stalwart-benchmark-breaks-from-past-embraces-mature-startups-d69e2493?ref=adjacent.media) (paywall)

After two decades at \~$425M and refusing late-stage checks, Benchmark just broke both rules with a $1.25B growth vehicle. *(Wall Street Journal)*

#### [Meta Accuses Australia of Breaching Free Trade Agreement Over News Tax](https://www.reuters.com/legal/transactional/meta-accuses-australia-breaching-fta-invokes-us-trade-action-2026-06-04/?ref=adjacent.media)

Australia's proposed levy on tech giants that skip news licensing deals has drawn a formal trade complaint. Meta is playing a bigger card than expected. *(Reuters)*