Broadcom’s AI chip revenue is forecast to top $100 billion in 2027
Broadcom shares trade nearly 20% below the peak they set at the end of June, even after a roughly 14%…
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Moody’s Affirms Nvidia’s Aa1 Rating After Ohio AI Data Center Backstop
Moody's Ratings affirmed Nvidia's Aa1 senior unsecured rating and Prime-1 short-term commercial paper rating on Tuesday, keeping a positive outlook….
Semiconductor ETF SMH drops 4% as chip rally stumbles
The VanEck Semiconductor ETF (SMH) closed down 4.09% on August 18, erasing much of its recent rebound even as broader…
Home Depot tops Q2 estimates as comps accelerate despite frozen housing market
Home Depot's fiscal second-quarter revenue and earnings beat Wall Street estimates, with same-store sales accelerating each month of the quarter…
Fabrinet’s record earnings trigger an AI stock sell-off, dragging down Marvell and Amphenol
Fabrinet posted record fiscal Q4 revenue and above-consensus guidance, yet its stock cratered in after-hours trading. The drop dragged down…
