Broadcom IncAVGO
Mentioned
Impact on stocks 2
Artificial Intelligence
Broadcom Inc
NVIDIA CorporationNVDA
Mentioned
The U.S. Bureau of Economic Analysis reported that the PCE Price Index rose 0.2% in July, exceeding expectations of 0.1%, while core PCE also increased 0.2% for the month and 3.3% year-over-year, matching forecasts. Q2 GDP remained steady at +1.5%, with the year-over-year Consumption and Price Index both rising 20 basis points to +3.4% and +6.4%, respectively. Personal Income for July doubled expectations to +0.4% month-over-month, and Consumer Spending also doubled expectations to +0.2%, though real spending was flat. Durable Goods Orders jumped 1.1% in July, more than double the expected 0.5%, marking the second-strongest month of the year. Investors are now focused on NVIDIA's Q2 earnings after the bell, with expectations of 99% earnings growth and 96.5% revenue growth, amid questions about its lending practices and competition from Broadcom.
Broadcom IncNVIDIA Corporation