By Ragini Mathur and Avinash PThe S&P 500 and the Nasdaq rose on Monday as chip stocks rebounded, with Broadcom advancing after extending its partnership with Apple, while investors looked ahead to the start of the second-quarter earnings season.The Dow DJ:DJI briefly hit a fresh intraday record e…
What Happened? A number of stocks jumped in the morning session after the semiconductor sector continued to rebound from the previous week's sharp selloff amid bullish Wall Street updates.Broadcom (AVGO) gained about 4.2% after it disclosed in an 8-K that it signed multi-year agreements with Apple…
What Happened? A number of stocks jumped in the morning session after the semiconductor sector continued to rebound from the previous week's sharp selloff amid bullish Wall Street updates.Broadcom (AVGO) gained about 4.2% after it disclosed in an 8-K that it signed multi-year agreements with Apple…
What Happened? A number of stocks jumped in the morning session after the semiconductor sector continued to rebound from the previous week's sharp selloff amid bullish Wall Street updates.Broadcom (AVGO) gained about 4.2% after it disclosed in an 8-K that it signed multi-year agreements with Apple…
By Nate WolfBroadcom stock jumped Monday after the chip maker extended its longstanding partnership with Apple.Broadcom will supply Apple with custom application-specific integrated circuits, known as ASICs, through 2031, it said in a securities filing. The collection of long-term agreements positi…
What Happened? Shares of fabless chip and software maker Broadcom NASDAQ:AVGO jumped 4.1% in the morning session after the company disclosed new multi-year agreements with Apple, extending their collaboration through 2031 for Broadcom to develop and supply a range of custom ASIC silicon for multipl…
NASDAQ, S&P 500 CLIMB EARLY WITH CHIPS, TECHThe Nasdaq TVC:IXIC and S&P 500 CBOE:SPX are higher in early trading on Monday after the long holiday weekend as chip and other technology stocks gain. The Dow DJ:DJI is lower.An index of semiconductors NASDAQ:SOX is up 4.8% after recent sharp losses, whi…
By Ragini Mathur and Avinash PThe S&P 500 and the Nasdaq rose on Monday, extending the previous week's rally as chip stocks recovered while investors looked ahead to minutes from the central bank's last meeting and the start of second-quarter earnings season later in the week.The Dow DJ:DJI briefl…
Shares of chipmaker Broadcom (AVGO) drew significant investor attention on Monday after Silicon Valley giant Apple (AAPL) signed a long-term pact with the company to secure its chip supply amid a shortage of semiconductor components due to AI demand.At the time of writing, AVGO shares were up nearl…
Shares of semiconductor giant Broadcom NASDAQ:AVGO got pummeled after the company’s last earnings report, dropping nearly 20% in two days. Possibly the biggest reason for the company’s large post-earnings decline was its decision not to raise its AI semiconductor revenue guidance.In its fiscal year…
Tech stocks' great run is leading to worries about overvaluation. Here are five defensive sectors — and 13 funds — that can provide protection. By Ian SalisburyFears of an artificial-intelligence bubble bursting may have you thinking about how to build a defensive portfolio. The problem? These days…
