Broadcom (AVGO) jumps 9% on earnings. AI chipmaker beat by 3 cents as sales rose 22% to $15.95 billion. The company also provided upside guidance as AI sales accelerate and the company disclosed a new customer, possibly Open AI, which made an order for $10 billion. Ironcially, Nvidia is lower by 3% along with AMD.

Oil moves lower. The price of oil is down 3% at a four month low as OPEC may increase production over the week even as the US economy seems to be slowing. Exxon Mobil (XOM) and Chevron (CVX) are both down 2% today.

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