On Friday, Nasdaq 100 futures saw a positive gain of 0.5%, thanks to an exceptional performance from Broadcom, a major player in the technology industry.
The company’s shares jumped 15% in after-hours trading after it announced a staggering 220% increase in revenue from artificial intelligence over the past year.
Broadcom also gave an optimistic earnings forecast for its upcoming fiscal first quarter, further boosting investor confidence.
RH Company also experienced an impressive 18% jump in its share price after revealing strong revenue growth expectations for the future.
On Thursday, the markets faced a downturn, with the Dow Jones falling 0.53%, the S&P 500 falling 0.54%, and the Nasdaq Composite declining 0.66%.
Markets were hit by a surprising US inflation report, showing a 0.4% rise in the producer price index (PPI) for November, double the analysts' forecast.
In addition, UnitedHealth saw its shares fall 3.3%, down 14% since the departure of its healthcare unit's CEO.
Adobe also faced challenges, plunging 13.7% after revealing a disappointing outlook for 2025.
