A sign at Broadcom Inc.’s headquarters in San Jose, California, on Monday, June 2, 2025.
David Paul Morris | Bloomberg | Getty Images
In the US, artificial intelligence stocks continued to fall on Friday. broadcom The stock price fell more than 11% as investors grew concerned about declining profit margins and trading uncertainty. names such as Nvidia, advanced micro device and oracle fell in sync, with major US indexes ending the day lower.
It was a motif that patterned this week. Although the Dow Jones Industrial Average rose 1.1% from the previous week due to strong performance in financial stocks, tech stocks pushed down stock prices. S&P500 and Nasdaq Compositedown 0.6% and 1.6%, respectively, for the week.
That said, investors may simply be getting nervous amidst the apparent AI bubble narrative and spooked by signs of bad news. After all, Broadcom’s revenue and guidance for the current quarter easily exceeded expectations.
“The company’s AI story not only continues to overachieve, it continues to accelerate, and it’s hard to see what else one could hope for,” Bernstein analyst Stacey Rasgon, who has a “buy” rating on Broadcom, wrote in a note Friday.
The future outlook also looks rosy, UBS said. “We expect strong profitability and the accelerating impact of AI, power and resources, and longevity themes to drive performance in 2026,” said strategist Sagar Khandelwal.
But in the short term, investors may remain fickle unless something tangible reassures them that a snap is just a twig in the forest, such as Oracle achieving positive cash flow.
What you need to know today
US stocks dragged by the name of AI. Major indexes fell on Friday, a day after hitting record highs. Asia-Pacific markets fell on Monday. Korean Kospi As of 2:45 p.m. Singapore time (1:45 a.m. ET), it had retreated about 1.5%, leading the region’s losses.
The slowdown in China’s economy is becoming more serious. The country’s retail sales and industrial production rose in November compared to the same month last year, but the increases were weaker than expected and slowed from the previous month. Fixed asset investment in the January-November period shrank compared to the same period last year.
The end of the “Berkshire Way”? Some aspects of Berkshire Hathaway’s leadership changes indicate the conglomerate is moving away from the famously decentralized “Berkshire way,” writes CNBC’s Alex Crippen.
Hong Kong court convicts Jimmy Lai. The 78-year-old democracy activist and media mogul was found guilty of incitement and collusion with a foreign country by a Hong Kong court on Monday. Analysts say the results may worry foreign investors.
(PRO) China’s food security strategy. The conflict between Beijing and the United States over soybean purchases has highlighted the evolution of China’s domestic agricultural industry. Goldman Sachs believes this is the best way forward in this sector.
And finally…
Copper prices have soared this year, hitting multiple record highs on concerns about supply disruptions and U.S. tariffs.
Imagebroker/Sunny Celeste | Image Broker | Getty Images
Copper could reach ‘new stratospheric highs’ as US metal hoarding continues
Copper prices have hit multiple record highs this year as supply disruptions and concerns about U.S. tariffs fueled a surge in demand. The rally is scheduled to continue until 2026.
Analysts at Citi expect prices for the red metal to soar on the back of growing demand, especially in the energy transition and artificial intelligence sectors. Electrification, power grid expansion, and data center construction require large amounts of metal for wiring, power transmission, and cooling infrastructure.
— Li Yingshan
