Wall Street drove a rotation out of chipmakers into several other industries that tend to benefit from a resilient economy after Broadcom Inc.βs underwhelming outlook tested the artificial-intelligence trade.
Investors ditched technology stocks in favor of the so-called βold economyβ on Thursday as Broadcom Inc.βs earnings report pumped the brakes on the artificial-intelligence rally.
Traders work on the floor of the New York Stock Exchange.
Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)