Stocks fall broadly as the Iran war cease-fire appears to be over. Crude prices rise, pushing many oil stocks higher.
(Updates with market moves at the end of the day and latest developments.) The Dow Jones Industri
Apple’s major chip-supply agreement with Broadcom is part of its larger goal to increase manufacturing in the U.S.
Yahoo Finance's Josh Lipton takes a closer look at some of Wednesday's trending tickers and stories, including Nvidia's (NVDA) relative stock price; Broadcom's (AVGO) and Apple's (AAPL) AI chip deal; and travel-related stocks like Carnival (CCL), United (UAL), and Delta (DAL).
STORY: ::Apple is spending $30 billion in Broadcom chips deal::Stephen Nellis/Technology Correspondent::July 8, 2026"Apple and Broadcom on Wednesday announced a $30 billion deal that runs through 2031 for Broadcom to supply chips to Apple. Now, this isn't a completely new relationship between Apple, the maker of the iPhone and the iPad, and Broadcom, one of its longtime suppliers. In 2023, the two companies said that they had a multibillion, multiyear deal to supply chips from a factory in Fort Collins, Colorado to Apple. But what this is a major expansion of that partnership. So Apple will be getting 15 billion chips from that factory in Colorado, and Broadcom is saying that it will spend $1.5 billion to expand and modernize its manufacturing capacity there. For Apple, this is part of a broader push in the last few years to source more of the critical components in its iPhones and other products from the United States. Now, this has been a big focus of U.S. President Donald Trump, who really wants to see Apple make an iPhone in the United States. Well, that's probably not possible in the short term, according to most analysts. What is possible is sourcing more and more of the critical pieces inside the devices from the United States, regardless of where they're assembled. And that's a big part of what this represents for the deal between Apple and Broadcom announced on Wednesday."Broadcom shares rose more than 4%, while Apple shares were down marginally.Apple said on Wednesday the deal, which was struck earlier this week and runs through 2031, covers FBAR filters - or radio-frequency chips used for wireless connectivity in its devices - that it had been developing with Broadcom since at least 2023.
CXMT sourcing could deepen geopolitical supply-chain tensions
Tech stocks were higher late Wednesday afternoon, with the State Street Technology Select Sector SPD
Apple Inc. regained the No. 2 position in China’s smartphone market during the 2026 618 shopping festival after offering steep discounts on its latest iPhone lineup. However, analysts said the gains came at the cost of pricing, and sales still...
Broadcom (NASDAQ: AVGO) and Apple (NASDAQ: AAPL) both posted strong quarters, but the more interesting story sits in the contract between them. Broadcom’s newly finalized custom silicon extension with Apple runs through 2031, hard-wiring roughly 20% of AVGO’s annual sales to the world’s largest device maker. That single fact reframes how these two NASDAQ names ... Broadcom Vs. Apple: AVGO Just Locked in Apple Through 2031 Which is Why You Should Buy it Over AAPL
Intel Corporation (NASDAQ:INTC) is one of the Best Stocks To Buy. On June 24, Reuters reported that a potential Apple and Intel Corporation (NASDAQ:INTC) chip manufacturing agreement could strengthen the latter’s contract chip business. It could also expand Apple’s manufacturing capacity even though analysts said commercial production remains years away. Reuters noted neither company has […]
Apple plans to invest more than $30 billion in an extended partnership with Broadcom to produce custom chips, it said Wednesday. The iPhone maker said the new agreement was the largest so far under its American Manufacturing Program and would enable Broadcom to expand and modernize its manufacturing facilities in Fort Collins, Colorado, with a $1.5 billion capital expenditure investment. Apple shares rose 1.1% to $314.17 on Wednesday while Broadcom stock advanced 5% to $389.67, reversing earlier losses.
Broadcom (NASDAQ:AVGO) stock is outperforming the semiconductor sector today, climbing 5% to $390 after Apple announced an expanded multiyear chip agreement with the company. Meanwhile, Intel (NASDAQ:INTC) stock is down 2% to $108, while Advanced Micro Devices (NASDAQ:AMD) stock is lower by 1% to $513. The contrasting moves suggest that investors are rewarding Broadcom for ... Broadcom Spikes 5% on Expanded Apple Chip Deal; Intel and AMD Drift Lower
Apple and Broadcom announced a new deal for the iPhone maker to buy at least $30 billion in chips over the next several years.
Chip stocks are on the rise in what's been a volatile trading day and they're helping offset Nasdaq losses. The Nasdaq is down slightly, but has pared back deeper losses seen earlier in the session. The PHLX Semiconductor Index is up 1.8%, bouncing back from a 0.7% decline earlier.
(Updates with latest market prices and developments.) US stocks were lower intraday after Preside
Tech stocks were higher Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF
Tim Cook has less than two months left as Apple CEO. On Wednesday, he announced the largest domestic manufacturing commitment in company history: a multi-year deal with Broadcom expected to exceed $30 billion, the biggest single commitment ever made under Apple’s American Manufacturing Program. It closes a fifteen-year tenure defined by supply-chain mastery. Inside the ... Tim Cook’s Final Move as Apple CEO: The Biggest American Manufacturing Deal in Company History
Allen & Co.'s secretive Idaho retreat built its name on media mega-deals. The 2026 guest list shows who holds the power now.
Apple's New Broadcom Deal Could Strengthen Revenue Visibility for Years
Apple will manufacture over 15 billion US-made chips and invest $1.5 billion in Broadcom's Colorado facility.