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Broadcom soars as demand for AI chips powers forecast raise

By Arsheeya Bajwa (Reuters) – Broadcom surged about 15% on Thursday as its upbeat annual forecast highlighted insatiable demand for chips used in powering AI-focused technology, while its announcement of a stock split added to the euphoria. The rising adoption of generative AI has been driving demand for companies such as Broadcom that provide chips […]

New highs as Nvidia tops Apple, ECB and BoC easing

A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street’s tech-led stock surge to new records has seen $3 trillion AI-champion Nvidia replace Apple as the world’s 2nd most valuable company in a market infused with interest rate cut excitement across the G7. With the European Central Bank set […]

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