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Broadcom tumbles as revenue miss clouds AI boom bets

Broadcom tumbles as revenue miss clouds AI boom bets

By Rashika Singh June 4 (Reuters) - Broadcom shares sank about 12% in premarket trading on Thursday, a day after the company missed quarterly revenue views and disappointed investors' lofty expectations of stronger momentum from the AI boom.
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Chip selloff erases over $1 trillion in stock market value

Chip selloff erases over $1 trillion in stock market value

By Noel Randewich June 5 (Reuters) - U.S.-traded chipmakers plunged on Friday, losing over $1 trillion in market value, with deep losses in AI heavy hitters including Nvidia, Micron Technology and Advanced Micro Devices, as Broadcom's weak report earlier this week reverberated across Wall Street.
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Morning Bid: Missing the mark

Morning Bid: Missing the mark

By Anna Szymanski June 5 (Reuters) - Everything Mike Dolan and the ROI team are excited to read, watch and listen to over the weekend. From the Editor Hello Morning Bid readers!
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U.S. Chipmakers Suffer $1 Trillion Market Value Loss Amid AI Sector Challenges

U.S. Chipmakers Suffer $1 Trillion Market Value Loss Amid AI Sector Challenges

U.S. Chipmakers Suffer $1 Trillion Market Value Loss Amid AI Sector Challenges
TheStreet TheStreet
Jim Cramer sounds the alarm on Marvell

Jim Cramer sounds the alarm on Marvell

A single comment from Nvidia chief executive Jensen Huang added tens of billions of dollars to Marvell Technology’s (MRVL) market value in one trading session. Huang predicted that Marvell would become the next company to reach a $1 trillion valuation. Traders reacted instantly, pushing the stock ...
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Morning Bid: Summer clouds

Morning Bid: Summer clouds

By Mike Dolan June 4 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets The S&P 500 failed to clock its 10th straight daily gain on Wednesday and there are some clouds gathering in markets.
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Tokyo's Nikkei 225 index tops 68,000 for the 1st time as Wall Street logs more records

Tokyo's Nikkei 225 index tops 68,000 for the 1st time as Wall Street logs more records

Japan's Nikkei 225 index has topped 68,000 in early trading after U.S. stocks pushed further into record territory
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Morning Bid: Quantum leap

Morning Bid: Quantum leap

By Mike Dolan June 3 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets Oil prices and bond yields have pushed higher as hostilities in the Gulf resume - but you’d be hard pressed to find many signs of concern in AI-obsessed stock markets.
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Wall St futures pause near record highs as oil climbs on Middle East stalemate

Wall St futures pause near record highs as oil climbs on Middle East stalemate

June 3 (Reuters) - U.S. stock index futures stalled near record highs on Wednesday as rising crude oil prices weighed on sentiment, with a flare-up in the Middle East conflict signaling little progress in efforts to end the months-long war.
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Wall Street inches to more records thanks to booming AI stocks

Wall Street inches to more records thanks to booming AI stocks

The U.S. stock market inched to more records as winners of the artificial-intelligence boom kept driving higher
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Wall Street adds to its records as the AI boom keeps growing

Wall Street adds to its records as the AI boom keeps growing

The U.S. stock market added to its records as winners of the artificial-intelligence boom keep driving higher
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Nvidia CEO Predicts Marvell Technology's Potential $1 Trillion Valuation

Nvidia CEO Predicts Marvell Technology's Potential $1 Trillion Valuation

Nvidia CEO Predicts Marvell Technology's Potential $1 Trillion Valuation