Tech stocks are expected to decline following Broadcom's disappointing results, with the Nasdaq-100 market cap soaring from $30 trillion in March to about $41 trillion now. Former Lehman Bros. trader Larry McDonald warns this surge sets the stage for a major market rotation, advising investors to shift funds from tech to nuclear assets such as uranium. This suggests a potential shift in investment trends away from traditionally 'safe' tech stocks toward alternative sectors.
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 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...
The S&P 500 snapped its longest winning streak in over a year due to rising oil prices and U.S. Treasury yields amid renewed concerns about the Iran war. Oil prices rose about 2% before easing, while Treasury yields neared 4.5%, pressuring the market...
Chipmakers including Broadcom, Micron, and Marvell saw sharp declines in premarket trading after Broadcom reported earnings below expectations. Broadcom shares dropped 15.1%, with Micron and Marvell also falling over 7%, leading to a 1.4% drop in Nas...
Deutsche Bank increased its price target for Broadcom from $430 to $515 following strong earnings and optimistic AI revenue forecasts, expecting AI revenue to reach $125 billion in fiscal 2027 and $190 billion in 2028. Jefferies also raised its targe...
