The chip and software company has quietly come to dominate the market for ASIC chips that allow big buyers to cut their costs. Plus, how telecoms are using fiber to crowd out the cable companies.
The S&P 500 touches a record high for the 25th time this year, powered by technology stocks. We have highlighted five technology stocks, HPE, MRNA, AVGO, MU and LRCX, leading the way higher in the latest trading session.
The U.S. stock market’s Wednesday session is a historic one, as both the S&P 500 and the Nasdaq 100 indices closed at record high levels, driven by increased investor confidence in artificial intelligence-driven growth expanding from the tech sector to the broader market. The S&P 500 Index, as tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY), closed the session 5,354 points, surpassing the latest all-time high close hit of 5,321 points hit on May 21. The tech-heavy Nasdaq 100 Index, as monitored