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Barchart
Barchart
Rich Asplund

Broadcom AI News Helps to Boost Chip Stocks and the Broader Market

The S&P 500 Index ($SPX) (SPY) today is up +0.32%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.07%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.14%.

Stock indexes today are mixed, with the Nasdaq 100 posting a new all-time high and the Dow Jones Industrials posting a 3-week low.  The broader market is climbing today, led by strength in chip stocks, with Broadcom up more than +19% after predicting sales of its AI products will surge +65% in the fiscal first quarter.  Other positive corporate news today supported stock gains, with RH up more than +17% after raising its 2025 revenue forecast.

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