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Semiconductor Stocks Rally on Trade Optimism; Casino Shares Dip Amid Macau Revenue Decline

Semiconductor Stocks Rally on Trade Optimism; Casino Shares Dip Amid Macau Revenue Decline

Author:

Global Cryptocurrency

Published:

2025-10-13 22:35:01

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BTCCSquare news:

Broadcom shares surged 9.9% after announcing a collaboration with OpenAI to develop AI accelerator systems, mirroring Advanced Micro Devices' recent partnership with the AI giant. The semiconductor sector broadly benefited from easing U.S.-China trade tensions as President TRUMP signaled softer rhetoric ahead of planned bilateral talks.

Las Vegas Sands and Wynn Resorts declined following reports of weather-disrupted gaming revenue in Macau. The S&P 500 ROSE 1.6% amid renewed risk appetite, with the Nasdaq outperforming at +2.2% as tech stocks led the rally.

Nvidia disclosed new ethernet networking technology developments, though the announcement was overshadowed by Broadcom's AI partnership news. Market participants continue rotating into growth sectors as tariff concerns abate.

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