Broadcom Ltd is a global technology company that designs, develops, and supplies a wide range of semiconductor and infrastructure software solutions. The company specializes in producing chips that facilitate communication and data processing across various devices and networks, including those used in smartphones, enterprise storage systems, broadband access, and data centers. Additionally, Broadcom offers software solutions that enable businesses to optimize their operations, manage network security, and enhance performance across cloud-based and on-premises environments. Through its comprehensive portfolio, Broadcom plays a critical role in advancing connectivity and computing technologies in various industries. Read More
Artificial intelligence has unequivocally cemented its position as the preeminent market driver of our era, fundamentally reshaping financial markets and fostering unprecedented corporate growth across a diverse spectrum of sectors. This transformative power extends far beyond the confines of traditional technology companies, signaling a paradigm shift that is creating vast
The U.S. stock market is currently experiencing an exhilarating surge, with the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all carving out new record highs. This widespread ascent reflects a powerful wave of investor optimism, fueled by robust corporate earnings, technological advancements, and shifting economic landscapes.
A number of stocks fell in the afternoon session after markets pulled back with the decline concentrated in the tech space as investors engaged in profit-taking following a robust week that saw the S&P 500 hit a new record.
A number of stocks fell in the afternoon session after markets pulled back with the decline concentrated in the tech space as investors engaged in profit-taking following a robust week that saw the S&P 500 hit a new record.
Shares of data center products and services company Vertiv (NYSE:VRT)
fell 5.2% in the afternoon session after a broader market pullback that particularly impacted the technology and semiconductor sectors. The decline was not isolated to Vertiv, as major indices retreated from recent all-time highs. The S&P 500 dropped by 0.7%, while the tech-heavy Nasdaq Composite fell 1.2%. The semiconductor industry faced significant pressure, with the PHLX Semiconductor Index declining by over 3%. This sector-wide downturn also affected major technology companies, including Nvidia and Broadcom, which experienced notable drops. The broad-based selling in the tech space appears to be the primary driver behind the pressure on Vertiv's shares.
Shares of laser company nLIGHT (NASDAQ:LASR) fell 4.1% in the afternoon session after announcements of new U.S. export restrictions on semiconductor technology to China. The U.S. Department of Commerce announced it was closing a loophole that allowed some foreign companies to export semiconductor manufacturing equipment to China without a license. This regulatory tightening creates a new headwind for the industry.
Shares of semiconductor machinery manufacturer Applied Materials (NASDAQ:AMAT)
fell 3.1% in the afternoon session after semiconductor stocks fell sparked by a disappointing revenue report from peer company Marvell Technology.
Shares of self defense company AXON (NASDAQ:AXON)
fell 3.6% in the afternoon session after a broader downturn in the technology sector placed the company among the Nasdaq 100's biggest decliners.
Shares of cloud communications provider 8x8 (NASDAQ:EGHT) fell 2% in the afternoon session after a broader market selloff that particularly impacted technology stocks.
Stay updated with the movements of the S&P500 index one hour before the close of the markets on Friday. Discover which stocks are leading as top gainers and losers in today's session.
Shares of electricity generation and hydrogen production company Bloom Energy (NYSE:BE) fell 2.4% in the morning session after the stock appeared to be taking a breather as a strong rally left it in technically overbought territory.
Shares of fabless chip and software maker Broadcom (NASDAQ:AVGO)
fell 4.2% in the morning session after stocks in the semiconductor sector pulled back, driven by underwhelming news from key industry peers.
Shares of semiconductor production equipment provider Amtech Systems (NASDAQ:ASYS) fell 2.6% in the morning session after the semiconductor sector pulled back, triggered by a disappointing forecast from peer Marvell Technology.
The investment narrative surrounding Artificial Intelligence (AI) is undergoing a profound transformation, moving beyond the singular focus on the "Magnificent Seven" tech behemoths that have dominated headlines and market gains. A new era is dawning where capital is increasingly flowing into a wider array of companies pivotal to the AI
The technology sector is currently navigating a complex landscape of pressures, leading to recent stock declines in key companies like NVIDIA (NASDAQ: NVDA), Marvell Technology (NASDAQ: MRVL), and Dell Technologies (NYSE: DELL). A primary factor is the intense competition and evolving market dynamics within the booming Artificial Intelligence (AI) sector.
