The stock market dropped on Friday after escalating military strikes in the U.S.-Iran conflict sent crude oil prices soaring over 4%, adding pressure to an already sharp sell-off in semiconductor and tech shares.
Overall, S&P 500 fell 1.0% to 7,458, while Nasdaq declined 1.4% to 25,520.
Tweet of the Day
Eli Lilly $LLY is behaving like the next google.
They’re taking the cash for their legacy business (drug discovery) and are now reinvesting it into AI:
Eli Lilly spent $5B building their own private data center with 1,000+ Nvidia GPUs. It’s been live for about 1.5-2 years.… https://t.co/xrM5VeGTIu pic.twitter.com/umvefQc3hk
— Milk Road Macro (@MilkRoadMacro) July 15, 2026
Chart of the Day
Here is the one-year chart of Broadcom (AVGO) as of June 8, 2026, when the stock was at $397.
Last quarter, the company’s semiconductor solutions achieved 79% year-over-year revenue growth as AI semiconductor revenue surged 143% year-over-year. This resulted in 54% profit growth on a 48% increase in revenue for the quarter.
In the earnings call, management said Broadcom’s AI chip revenue is forecasted to rise 180% in 2026, with the company still on track to surpass the $100 billion mark by 2027.
What’s more impressive is profit growth is expected to average 93% during the next four quarters.
AVGO is part of the Growth Portfolio and Focus List. Broadcom is a key contributor to the AI movement, and its stock should be a core holding for growth stock investors.
