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Oracle soars, TSMC & Broadcom emerge winners: Market Wrap
Yahoo Financeยท2025-09-11 01:10

Market Reaction - The 0.1% decline in Producer Price Index (PPI) and core PPI inflation surprised investors, leading to a mixed but ultimately positive market reaction [1] - The S&P 500 and Nasdaq Composite reached record highs, while the Dow Jones Industrial Average slipped [1] Stock Performance - The S&P 500 closed 0.30% higher, achieving a 52-week high, while Nasdaq was up 0.03% after reaching a 52-week high for the second consecutive day [2] - Oracle emerged as a top performer with a gain of 35.5%, despite narrowly missing earnings expectations [3][4] - Taiwan Semiconductor Manufacturing (TSMC) saw its stock rise 3.8% after reporting a 34% year-over-year revenue increase, reaching NT$335.77 billion ($11.1 billion) [8][9] - Broadcom's stock increased by 9.8%, benefiting from the AI boom [3][10] Notable Stocks - The worst-performing S&P 500 stocks included Synopsys Inc (-35.8%), Trade Desk Inc (-11.9%), and Apple (-3.2%) [7] - Other notable stocks included Amazon (-3.3%) and CoreWeave (+16.8%) [7] Industry Insights - Oracle's CEO expects cloud infrastructure revenue to grow by 77% [4] - TSMC plays a crucial role in the AI boom, being the leading chipmaker for Nvidia [9]