[BRIEFING.COM] The S&P 500 (+0.5%), Nasdaq Composite (+0.5%), and DJIA (+0.9%) trade in a stable range shortly after midday.
While chipmakers are posting mixed performances, Broadcom (AVGO 385.67, +5.52, +1.45%) is a standout among the group after unveiling its debut custom chip with OpenAI called Jalapeno, according to CNBC. The PHLX Semiconductor Index remains flat.