The FTSE 100 fell 53 points to 10,297 amid mixed market signals, including Broadcom's 13% drop after its AI chip revenue outlook disappointed investors despite record earnings. CMC Markets surged to a five-year high after reporting a 20% profit increase and bullish future growth plans. UK construction output contracted at its fastest pace in six years, reflecting economic uncertainty and rising costs. Meanwhile, SpaceX confirmed a $1.77 trillion IPO, and the FTSE 100 is set for index changes on June 22, with Aberdeen, Computacenter, and Investec joining the top tier.
U.S. stock futures showed mixed signals with S&P 500 futures down and Dow Jones up amid political tensions as the House passed a resolution limiting President Trump's military powers. Key stocks like Broadcom and CrowdStrike saw notable moves, with C...
Broadcom reported strong Q2 results with $22.2 billion revenue and 143% growth in AI semiconductor revenue to $10.8 billion, beating expectations. However, the stock fell 15% due to cautious Q3 AI revenue guidance of $16 billion, below analyst estima...
Broadcom's CEO confirmed a bold forecast of over $100 billion in AI semiconductor revenue for fiscal year 2027, following a 180% revenue jump to $56 billion in 2026. The company has extended customer commitments through 2028, reflecting strong demand...
The FTSE 100 fell 29 points to 10,304, dragged down by major banks like Prudential, HSBC, and Standard Chartered due to concerns over new US tariffs targeting China and geopolitical tensions in the Middle East. US markets showed mixed futures with te...
The recent strong rally in the S&P 500, mainly driven by tech stocks, is facing skepticism due to a lack of healthy pullbacks and rising core inflation, which hit 3.3% year-over-year in April. This inflation trend reduces the likelihood of interest r...
