Broadcom extended its chip supply deal with Apple through 2031, sparking a rally in semiconductor stocks that lifted the S&P 500 and Nasdaq higher. The Nasdaq reclaimed its 50-day moving average, improving the technical outlook for tech stocks, while the S&P 500 tests key resistance levels ahead of earnings season. The Dow Jones hit a new intraday record but slipped slightly later. Investors are watching upcoming earnings reports and Wednesday's Federal Reserve minutes for further market direction.
In June 2026, the tech sector attracted over $13 billion in investor inflows even though it declined by 3.3% that month. This indicates strong investor confidence in the sector's long-term growth potential, driven by trends like AI development. The S...
Broadcom has extended its chip supply agreement with Apple through 2031, continuing to develop custom ASIC chips for multiple generations of Apple products. This long-term partnership, which accounts for about 20% of Broadcom's revenue, includes conn...
The S&P 500 has gained 9.3% year-to-date, with small and microcap stocks outperforming larger companies. Technology sectors lead gains, driven by enthusiasm around AI, while Communication Services lag but may present buying opportunities. Commodities...
Broadcom reported a record Q2 revenue of $22.19 billion, marking a 48% increase year-over-year, fueled by exceptional demand in AI semiconductors. The company projects over 200% year-over-year growth in AI for Q3, with total revenue guidance of $29.4...
In the first half of 2026, the Technology Select Sector SPDR Fund (XLK) led sector gains with a 33% return despite a June pullback due to AI spending concerns and Fed rate hike fears. The Energy sector (XLE) rose 21%, driven by supply disruptions and...
