Semiconductors

Core Summary S&P 500 futures declined as Broadcom led a broad selloff in the semiconductor sector. Tech stocks faced mounting pressure as investors grew concerned about valuations and global demand prospects in the chip industry. Event Details According to CNBC, S&P 500 futures fell in pre-market trading, primarily dragged down by technology stocks. Broadcom shares dropped sharply, pulling down fellow chipmakers including Micron and Marvell. Emerging market stocks also retreated following Broadcom’s decline. ...

AI infrastructure company Cerebras saw its shares surge approximately 100% on its first day of trading after raising $5.5 billion, becoming one of the largest tech IPOs of 2026.

SpaceX has announced plans to invest $55 billion in AI chip manufacturing, marking Elon Musk’s major push into AI hardware.

AI chip manufacturer Cerebras Systems has filed for an IPO seeking to raise up to $3.5 billion at a valuation of $26.6 billion, emerging as one of Nvidia’s most formidable competitors in the AI chip space.

Samsung Electronics reports record quarterly earnings with operating profit jumping 750% year-on-year to 57.2 trillion won, driven by surging demand for high-bandwidth memory chips from AI data centers.

Reports indicate Qualcomm is partnering with OpenAI to develop AI processor chips designed specifically for smartphones, sending the chipmaker’s shares soaring over 13% in pre-market trading.

China’s National Bureau of Statistics reported that industrial enterprise profits rose 15.8% year-on-year in March, with strong growth in AI and semiconductor sectors as the key driver.