Economic TimesLean R·
US stocks today: Nasdaq jumps over 1% as chip stocks rally, investors eye AI earnings
The S&P 500 and Nasdaq ended sharply higher on Monday, with Broadcom and other chip stocks rallying as investors bought shares in companies related to artificial intelligence that are expected to drive a strong second-quarter earnings season.Broadcom jumped after the chipmaker and Apple agreed to extend a deal through 2031 to develop and supply a range of custom chips.The S&P 500 information technology sector index climbed, while the Philadelphia SE Semiconductor index gained after …
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