S&P 500, Dow End Lower As Blowout Jobs Report Fans Rate Hike Fears, While Chipmaker Strength Aids Nasdaq —TSLA, NFLX, BE, NVDA In Focus
Nonfarm payrolls grew by 162,000 in August, while the unemployment rate held steady at 4.1%.
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NVDA Stock On Track To Hit Over 2-Month High – Analyst Calls $12.9B Hugging Face Deal ‘Strategically Valuable’
Nvidia is also reportedly considering an investment in Thinking Machines Lab, adding to its growing portfolio of AI companies.
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AVGO Stock’s 27% Selloff Is Sending A Signal – But Morningstar Sees AI Demand Getting Stronger Through 2030
Morningstar said Broadcom’s 2028 outlook exceeded its own estimates and expects demand for the company’s AI chips to remain strong over the next two years.
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S&P 500, Dow End Best Day In A Month On Calmer Yields As Rate Hike Bets Wane — SPCX, VSXY, NVDA, TSLA In Focus
Federal Reserve Governor Christopher Waller advocated leaving rates unchanged, provided inflation showed signs of cooling off.
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AVGO Stock Sinks To Near 5-Month Lows Despite Exploding AI Sales — Wall Street Reactions Are Mixed
Broadcom reported third-quarter revenue of $29.6 billion, ahead of Wall Street’s expectations of $29.4 billion, according to Fiscal.ai.
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ETFs to Buy as Broadcom Slides Despite Better-Than-Expected Q3 Earnings
Broadcom's AI revenues are surging, but softer guidance has weighed on shares, highlighting ETFs that offer diversified exposure to its growth.
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US Stock Futures Rangebound After S&P 500, Dow Snap Three-Day Losing Streak As Oil Steadies — MSFT, DELL, UBER, ASTS, AVGO In Focus
Dell Technologies tops the S&P 500 following robust quarterly earnings.