Rate Cut Odds At 99%; OpenAI-Broadcom To Challenge Nvidia, Musk's $1T Pay
1. Broadcom's deal with OpenAI includes over $10B in orders. 2. Partnership targets NVIDIA by forming AI accelerators. 3. Weak jobs report boosts rate cut expectations to 99%. 4. China's 78% tariff on U.S. fiber optic products may impact AVGO. 5. Overall economic weakness signals potential for lower market earnings.