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Broadcom CEO Hock Tan’s upbeat projections of AI chip growth potential lifted the company’s stock 24%, despite some fuzziness in his commentary. Plus, The Information’s stories of the week.

The Dow and S&P 500 recorded losses for the week, but the Nasdaq got a boost from big tech. Broadcom's valuation hit $1 trillion for the first time.

Tech stocks led the way higher Friday morning as Broadcom surged higher after the chipmaker predicted an AI-driven sales surge.

In the ever-evolving landscape of the freight industry, a new phenomenon is emerging that threatens to upend the delicate balance between shippers and carriers. Known as “carrier revenge,” this impending shift in market dynamics promises to reshape how goods are transported across the nation. The post Carrier Revenge: The freight market’s impending power shift appeared first on FreightWaves.

Broadcom said its AI revenue increased 220% for the year to $12.2 billion and expects the business boom to continue over the next three years.

Broadcom's AI revenue grew 220% to $12.2 billion this past quarter, pushing semiconductor revenue to a record $30.1 billion.

NEW YORK/LONDON (Reuters) -MSCI's global equity gauge fell on Friday while bond yields climbed as investors waited for clues about the future path for interest rates from next week's U.S. Federal Reserve meeting. In U.S. Treasuries, benchmark 10-year yields rose to a three-week high and were on track for their fifth-straight daily gain as investors bet that Fed Chair Jerome Powell will signal a pause in policy easing after a widely expected 25-basis-point rate cut next Wednesday. The U.S. central bank is grappling with inflation staying stubbornly above its 2% annual target.