Stock Market Today: Live Updates – Broadcom Surges as AI Competition Intensifies
New York – September 4, 2025 – Stocks experienced a mixed day as economic concerns weighed on industrial giants while a surge in Broadcom shares highlighted growing competition within the artificial intelligence sector. The Dow Jones Industrial Average closed moderately lower, while the Nasdaq Composite finished with modest gains.
Boeing and GE Aerospace both declined amid broader fears of a troubled economy. However, broadcom emerged as a standout performer, jumping 9% following the release of its latest quarterly earnings. The chipmaker’s results exceeded Wall Street expectations, and CEO Hock Tan revealed the company had secured $10 billion in custom AI chip orders from a new customer.
The positive news from Broadcom appeared to pressure shares of Nvidia, which fell 3%. analysts suggest the strong results indicate increasing competition for the AI leader. Palantir,another artificial intelligence stock that has faced recent selling pressure,also dropped 3%.
