AI Trade Roars Back as Broadcom Surges 11% (And Retail Earnings Show Mixed Signals)
Retail earnings showed extreme inconsistency as Kohl's soared 22% and Abercrombie surged 18% while Dick's closed stores, signaling consumers are highly selective heading into Black Friday. The AI trade rebounded with Broadcom up 11% on its Google chip partnership and Nasdaq posting its best day since May, though Nvidia slipped 4% on reports Meta may switch suppliers by 2027, showing AI leadership is evolving beyond Nvidia's dominance.
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