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US Stock Futures Mixed as Broadcom Jumps 6% on AI Chip Sales

Bloomberg Markets •
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US stock futures opened little changed as geopolitical tensions in the Middle East pushed oil prices higher, with Nasdaq 100 futures down 0.1% and Dow Jones futures off 0.3%. The S&P 500 futures remained flat at 7:45 a.m. ET, reflecting cautious sentiment ahead of the market open.

Broadcom led premarket gains with a 6% jump after CEO Hock Tan projected AI chip sales could exceed $100 billion next year, directly challenging Nvidia's dominance in the space. Meanwhile, Trade Desk surged 18% following reports it held talks with OpenAI about advertising partnerships, while Veeva Systems climbed 10% after beating first-quarter earnings expectations.

On the downside, StubHub tumbled 13% after disappointing 2026 guidance and weak fourth-quarter results, with analysts noting the absence of a Taylor Swift tour made year-over-year comparisons difficult. Grocery Outlet plunged 22% after cutting its 2026 earnings forecast below analyst estimates, and Ciena fell 3% following mixed quarterly results and soft second-quarter guidance.