TLDR
- AI chip stocks, including Nvidia, Broadcom, AMD and Micron, rebound after sharp sell-offs at the start of the week.
- Broadcom has extended its custom chip deal with Apple through 2031
- SpaceX has joined the Nasdaq-100 after its public market debut
- SK Hynix has made a successful debut in the US market, driven by strong demand for its AI memory
- Oil prices fell as geopolitical concerns eased and the supply outlook improved
Wall Street had a busy week. AI stocks have recovered from a rocky start, SpaceX has hit a new milestone, and a major memory chip maker has made its U.S. debut. Here’s a breakdown of the biggest stories from the week.
AI chip stocks are recovering
Semiconductor stocks It fell sharply at the beginning of the week before bouncing back. Nvidia, Broadcom, AMD and Micron all recovered, with investors seeing the decline as a buying opportunity.
Demand for AI devices remains strong. Cloud providers are still spending billions on expanding data centers, and the desire for AI accelerators and high-bandwidth networking and memory equipment is not slowing down.
The quick recovery showed how quickly sentiment in this sector can turn. Many investors still believe that the AI spending cycle is far from over.
Broadcom extends its partnership with Apple through 2031
Broadcom It rose to prominence this week after announcing an extension of its custom chip deal with Apple through 2031. The agreement gives investors more confidence in Broadcom’s long-term revenue picture.
Broadcom supplies Apple with custom silicon and networking products. As Apple builds more AI features into its devices, this relationship becomes more valuable.
The deal also signals that big tech companies are still betting on AI hardware for the long term, even as markets move up and down from week to week.
SpaceX joins the Nasdaq-100 index
SpaceX It officially joined the Nasdaq-100 index this week. The listing follows the company’s public market debut and is expected to bring more ownership from index funds and institutional investors.
The stock saw some profit-taking after the news, which is common after major index additions.
SpaceX continues to lead commercial rocket launches. It is also working on developing the Starlink satellite Internet service, and developing the next generation of the Starship rocket.
SK Hynix makes its debut in the US market
South Korean memory chip maker SK Hynix It attracted strong interest from investors with its debut in the US market. The company manufactures high-bandwidth memory, a key component inside AI servers.
The successful listing demonstrated that investors are still willing to support companies operating in the AI supply chain. Even after a volatile period for chip stocks, demand for AI memory has been enough to spark strong interest.
As AI workloads become more complex, the need for advanced memory chips is expected to remain high.
Oil prices fall as tensions ease
Crude oil prices It fell during the week as geopolitical concerns eased and the supply outlook improved. Lower oil prices tend to reduce costs for airlines, retailers, manufacturers and other companies.
With inflation continuing to worry Wall Street, calmer energy markets are a welcome development for investors and policymakers alike.
Stop guessing and start investing with confidence. Knockout stocks It gives you the AI insights, market intelligence, and stock research you need to spot opportunities, cut through the noise, and make smarter investment decisions — all in one powerful platform.
Register today and get 50% discount Full access to our premium stock picks.
Simply use the coupon code Special50 At checkout to claim your exclusive discount.
