The move in Broadcom comes as investors continue to push shares of Google parent Alphabet higher. The two are related through their business with ASICs.
Nvidia results this week are the biggest catalyst to watch in the current "bend but don't break kind of market," New York Stock Exchange insider Jay Woods says.
The Fed sought feedback from dealers on the use of the central bank's standing repo facility, a permanent lending tool that acts as a backstop for markets.
Using the CNBC Pro stock screener, we found stocks in the S&P 500, including Oracle and Lamb Weston Holdings, that came under outsized pressure this week.
Bank of America searched for cheap, buy-rated S&P 500 stocks across its coverage universe that are not included in AI, power or infrastructure-related ETFs.
Analysts will be watching AMD's expectations for AI market potential, profit and margins as well as any new customer partnerships that could fuel growth.
A disappointing week for the market isn't bad news for all stocks, as several beaten-down names in the S&P 500, such as Fiserv, could soon be due for a rally,