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Shares of chipmakers surged late on Wednesday, adding over $400 billion in market ‌value after strong forecasts from Micron Technology and Qualcomm ‌breathed fresh life into Wall Street's recently waning AI stock rally. Micron surged ​12% in extended trade after forecasting quarterly earnings above analysts' estimates, signaling that heavy investments in AI-related infrastructure will drive strong demand for its memory chips. Also after the bell, Qualcomm ‌said it expects $15 billion ⁠in sales from its data center business by 2029 as it moves beyond its core smartphone ⁠chip business and shifts its focus to AI.

Broader tech sell-off continued on Wednesday as investors awaited Micron earnings to judge the demand for AI and memory chips.

The chipmaker looks expensive on today's numbers, but the honest question is what you are paying for the earnings of tomorrow.

OpenAI has developed Jalapeno, an AI inference ASIC chip with Broadcom, and SpaceX’s $25 billion note sale was oversubscribed at $89 billion.

The ChatGPT parent turned to Broadcom to create a custom processor.

Yahoo Finance's Josh Lipton takes a closer look at some of Wednesday's trending tickers and stories, including Broadcom's (AVGO) partnership with OpenAI (OPAI.PVT), Cerebras's (CBRS) first quarterly earnings report, and Wendy's (WEN) meme stock status.

Advanced Micro Devices (AMD) stock closed at $519.85 on June 23, down 5.76%. The stock was caught in the tech sector sell-off, as reported by Yahoo Finance. This drop is probably just a small hiccup, given how the stock has performed over the longer time frame and the bullish analyst consensus. The ...

AMD Steady, Nvidia Higher: Semis Try to Shake Off Selloff Ahead of Micron

Tech stocks declined late Wednesday afternoon, with the State Street Technology Select Sector SPDR E

The answer to which AI accelerator stock has dominated in 2026 isn’t subtle. Marvell Technology (NASDAQ:MRVL) stock is up 218% year to date (YTD), trading around $264 Wednesday afternoon after slipping 5% on the session. Broadcom (NASDAQ:AVGO) stock, by contrast, is up only 10% YTD, hovering near $378. Both companies design custom AI accelerators (custom ... Which AI Accelerator Stock Has Dominated in 2026: Broadcom or Marvell?

The setup is almost too neat. South Korea’s Kospi just had what local press called a “Black Tuesday,” dropping nearly 10% as foreign investors dumped semiconductor shares and tripping circuit breakers. American chip names sold off in sympathy. And onto CNBC walked Jay Woods of Freedom Capital Markets with a thesis that has been building ... A Top Strategist Says the AI Trade Is Cooling, but Chipmakers Are Quietly Winning

The AAM S&P 500 High Dividend Value ETF (NYSEARCA:SPDV) screens the S&P 500 for companies that pair above-average yields with above-average free cash flow, then equal-weights five names from each of ten sectors. SPDV functions as a future-aristocrats farm system, and the holdings list reads like one: a confirmed Dividend King, two near-aristocrats, and three ... Equal Weighted Dividends Across 54 Stocks Deliver 24.7% Returns and Growing Payouts

OpenAI and Broadcom unveiled Jalapeño, OpenAI’s first custom-designed AI chip — which went from initial design to production-ready blueprint in nine months.

Check out the companies making headlines yesterday:

OpenAI is testing Jalapeno chips as Broadcom expects data center deployment later this year.

Broadcom and OpenAI launched Jalapeno, the ChatGPT-maker’s first custom “intelligence processor,” kicking off a multi-generation AI hardware roadmap.

Four straight down sessions have erased more than $900 billion in equity value, with the proximate cause tracing to Seoul. The Kospi fell nearly 10% in its worst session in years, and SK Hynix and Samsung both plunging more than 12% the day after SK Hynix overtook Samsung as Korea’s most valuable company. Layered on ... $900 Billion Just Vanished as Korean Chip Stocks Crater, but the Squawk Crew Isn’t Sold on an AI Breakdown

All three major US stock indexes rose around midday on Wednesday as oil prices fell and investors lo

OpenAI introduced its Jalapeño AI inference chip, developed with Broadcom silicon and Celestica rack technology, as the ChatGPT maker pushes deeper into custom hardware.

Cerebras Systems stock fell Wednesday after the AI chipmaker delivered its first quarterly report as a publicly-traded company.

After a powerful run, the chipmaker is asking investors to look past today's handset troubles toward a future in AI-powered cars and data centers.

Despite the stock's significant appreciation, the most compelling upside lies not in near-term earnings but in the long-term visibility the company is building today.

The chip, called Jalapeño, was built to improve efficiency and lower costs, advancing OpenAI’s strategy to build out a full stack behind its models and products.

OpenAI and Broadcom announced their first custom AI chip on Wednesday.

NVIDIA Corporation (NASDAQ:NVDA) is one of the 15 AI Stocks Analysts Are Watching: Microsoft, Nvidia, and More. On June 23, Bernstein reiterates Nvidia and Broadcom as outperform Bernstein says both stocks are a must-own. Own both NVDA and AVGO. We get the desire to play the bottlenecks instead, but they won’t ultimately work if these […]

Investing.com -- Broadcom (NASDAQ:AVGO) shares jumped 3.4% Wednesday morning following the unveiling of "Jalapeño," a custom AI chip developed in partnership with OpenAI. Billed as OpenAI’s first "Intelligence Processor," the custom accelerator was designed specifically for large language model (LLM) inference and moved from design to production in just nine months. The chip marks OpenAI’s official expansion into proprietary hardware as part of its full-stack infrastructure strategy. Built from

MRVL's AI networking push gains steam as interconnect growth tops 70%, optics scale and Golden Cable expand next-generation data center connectivity.

Billionaire investor Stanley Druckenmiller has filed positions in three AI infrastructure semiconductor stocks, but the real question is whether the valuations still make sense after one of them surged over 600% in a single year.

In a significant move for the AI chip industry, Menlo Ventures has announced securing $3 billion in new capital dedicated to investing in promising AI companies at various stages of development. This investment is poised to support advancements across the AI stack, from foundational infrastructure to AI-native applications in sectors such as enterprise, healthcare, and consumer markets. Menlo Ventures has positioned itself as a key player in the AI era, leveraging its technical expertise and...

The “Magnificent Seven” plus Broadcom and Oracle have lost roughly $2.7 trillion in market value in June, according to Yahoo Finance analysis, as investors take a harder look at the companies funding the AI build-out.