Wall Street futures fell with the Nasdaq down 0.6% and S&P 500 down 0.2%, reflecting investor concerns over escalating US-Iran tensions after recent US strikes on Iran. Brent crude oil prices surged above $95 a barrel, driven by fears of further conflict. Bond markets reacted nervously, with the 10-year yield rising to 4.79% and the 30-year yield hitting 5.27%, signaling renewed inflation worries. Investors are also watching upcoming US jobs data and corporate earnings from Broadcom, HP, and Snowflake for further market direction.
Broadcom is set to report its Q3 earnings on September 2, 2026, with analysts projecting a significant rise in earnings per share to around $3.24, up from $1.69 last year. Revenue is expected to reach approximately $29.4 billion, driven by a more tha...
Marvell Technology and Broadcom both reported impressive AI-driven revenue growth, with Marvell posting $2.74 billion and Broadcom $22.19 billion in recent quarters. Marvell focuses heavily on a single major customer, Google, which could mean higher ...
The rapid buildout of AI infrastructure in the US, a major driver of recent economic growth, is encountering significant challenges. These include strong local opposition, limited access to electricity and water, and soaring construction costs. Major...
Semiconductor stocks, including Intel, NVIDIA, and AMD, dropped sharply as a global bond selloff pushed long-term yields to their highest levels in over a year. Rising yields reduce the present value of future earnings, hitting high-growth AI-related...
Broadcom's stock has fallen 25% from its peak, trading around $370 while Wall Street analysts average a $526 price target, with BNP Paribas Exane projecting an 82% upside to $675. The company benefits from strong AI semiconductor growth, with a $30 b...
