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Broadcom said its AI revenue increased 220% for the year to $12.2 billion and expects the business boom to continue over the next three years.

Broadcom's AI revenue grew 220% to $12.2 billion this past quarter, pushing semiconductor revenue to a record $30.1 billion.

NEW YORK/LONDON (Reuters) -MSCI's global equity gauge fell on Friday while bond yields climbed as investors waited for clues about the future path for interest rates from next week's U.S. Federal Reserve meeting. In U.S. Treasuries, benchmark 10-year yields rose to a three-week high and were on track for their fifth-straight daily gain as investors bet that Fed Chair Jerome Powell will signal a pause in policy easing after a widely expected 25-basis-point rate cut next Wednesday. The U.S. central bank is grappling with inflation staying stubbornly above its 2% annual target.

After back-to-back years of more than 20% returns for the S&P 500, what's in store for 2025? Most on Wall Street say more gains.

The S&P 500 finished flat on Friday, Dec. 13, 2024, as attention shifted toward next week's Federal Reserve decision on interest rates.

US benchmark equity indexes closed mixed Friday as markets awaited the Federal Reserve's monetary po

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