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U.S. markets hit new highs driven by optimism over Fed rate cuts and tech sector strength. Nasdaq surged nearly 1% with gains led by AI-focused chipmakers like Broadcom. However, mixed corporate earnings and geopolitical tensions kept volatility moderate as investors awaited key jobs data.
Tech giants rally behind Trump at White House as tariffs and AI investments dominate discussions. The industry showcases strong alignment with the administration’s policies and innovation priorities.
63% – Broadcom’s year-over-year AI revenue growth in Q3 2025.
Trump administration pushes for semiconductor tariffs targeting imports, sparing select companies investing domestically, signaling trade protectionism focused on chipmakers.
OpenAI accelerates AI chip development in partnership with Broadcom, aiming for 2026 release, marking shift to bespoke hardware beyond Nvidia dominance.
Broadcom’s AI Chip Sales Surge 63%, Raises Revenue Guide
Broadcom outperformed expectations with 22% revenue growth driven by AI chip demand, forecasting better-than-expected Q4 sales amid the expanding AI hardware market.
More on bloomberg.com
American Eagle surges on successful advertising campaigns featuring Sydney Sweeney and Travis Kelce, driving significant customer growth and stock rally.
Health Secretary RFK Jr. faces intense congressional scrutiny over vaccine policies and agency shake-ups, igniting bipartisan criticism.
Lululemon Slashes Earnings Guidance, Shares Plunge Amid Tariff Pain
Lululemon cut full-year forecasts drastically, signaling demand slowdown and cost pressures from U.S. tariffs, leading to a heavy stock selloff and investor concern.
More on barrons.com
Trump’s nominee for Federal Reserve faces tough questions over maintaining central bank independence and plans to retain White House job while serving at Fed.
Trump administration aggressively pursues Supreme Court review to uphold tariffs with warnings of economic fallout if struck down, signaling deep trade policy conflicts.
Trump administration formalizes 15% tariff on Japanese auto imports, reshapes chip tariff policies favoring domestic producers, and pursues renaming Defense Department to Department of War.
Broadcom reports strong third-quarter revenue showing 63% AI sales growth, beating estimates and raising optimistic outlook for next quarter.
Spirit Airlines cuts service to 12 cities amid bankruptcy, intensifying competition concerns with rivals adding extra flights.
The independence of the Federal Reserve is crucial to maintaining economic stability amid political pressures.
— Stephen Miran, Trump’s Federal Reserve nominee
Justice Department intensifies criminal mortgage fraud investigation into Federal Reserve Governor Lisa Cook amid broader Trump administration legal clashes.
Lululemon slashes earnings guidance signaling a demand slowdown, shares plunge after missing full-year sales and profit forecasts amid tariff-related cost pressures.
American Bitcoin, linked to Trump family, falls below IPO price after a sharp selloff, reflecting volatility in crypto associated with political figures.
Israeli ultimatum to Hamas issued with warnings on Gaza devastation if hostages are not freed, escalating Middle East tensions.
Fashion industry mourns death of Giorgio Armani at 91, a transformative designer with a multibillion-dollar legacy.
U.S. housing market sees mortgage rates drop to lowest since October 2024, potentially easing affordability but buyer caution persists.
U.S. private sector job growth slows with only 54,000 jobs added in August, signaling labor market cooling before the crucial jobs report.
China’s tech stocks slide after a strong rally, with semiconductor and hardware sectors leading losses amid regulatory concerns.
Samsung, Google, Microsoft, OpenAI ramp AI education initiatives amid White House outreach, underscoring AI’s growing role in learning.
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