Key Takeaways Technology stands out as the first sector to watch. July's weakness reflected concerns over AI capital spending and valuations rather than deteriorating demand. Enterprise adoption of generative AI continues to accelerate, with cloud providers, semiconductor companies, networking vendors and software firms benefiting from expanding AI workloads. Continued investment in AI infrastructure by hyperscalers, despite near-term investor scrutiny, reinforces the sector's long-term growth outlook. Amon ...

The growth outlook remains strong, as quarterly AI semiconductor bookings exceeded $30 billion. Broadcom expects AI revenues to accelerate to $16 billion in the third quarter, representing growth of more than 200% year over year, and forecasts total Semiconductor Solutions revenues of approximately $20.5 billion. Long-term agreements covering multiple generations of XPUs and networking products with major hyperscalers and AI companies are strengthening revenue visibility. The company's remaining performance ...