The Latest Breaking News from Broadcom

The news on Tuesday sent Broadcom Inc. shares soaring, gaining as much as 4%. TSMC’s US-traded shares also climbed, up more than 1%.

The Nasdaq hit a new high in Tuesday's mixed session. Google and Reddit jumped on earnings late. AI second fiddle AMD tumbled.

Broadcom stock jumped on a report that OpenAI is partnering with the fabless chipmaker to develop an AI inferencing processor.

Broadcom is expected to release its fourth-quarter earnings in December, and analysts expect a double-digit surge in earnings.

VanEck's new Fabless Semiconductor ETF (SMHX) offers a targeted approach to investing in the semiconductor space, focusing exclusively on fabless companies, and is being compared to its established counterpart, the VanEck Semiconductor ETF (SMH), which provides broad exposure to the entire semiconductor ecosystem.

Former Intel directors called the government to use its $20 billion CHIPS funding to force the company to split into two.

Futures rise and oil dives as Mideast fears wane and the yen falls. Tesla, Nvidia are in buy zones. Earnings from Apple and other titans loom.

Artificial intelligence chip stocks rose Friday amid encouraging reports from Wall Street analysts. Nvidia stock was among the gainers.

Apple, Microsoft, Google, Amazon and Meta Platforms all report next week. The S&P 500 giants have a combined market cap of $12 trillion, but the impact is even greater.

North Korea ships missiles with western components to Russia, which uses them against Ukraine.

Nvidia, Qualcomm, Broadcom, and others are desperate for a second manufacturing option to TSMC but remain hesitant as Intel directly competes with them.