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Dow Jones Top Company Headlines at 9 PM ET: SpaceX Starts a Wall Street Bake-Off to Hire Banks for Possible IPO | OpenAI ...

SpaceX is interviewing bankers for its potential IPO. OpenAI has changed its compensation policy to end 'vesting cliff' for new employees. Tonka Trucks faced profit shrinkage due to disrupted shipments. Australia's ASX underinvested in infrastructure resilience. Lululemon's stock surged due to CEO change. Senate Democrats criticized Trump's approval of AI chip sales to China. Reddit sued the Australian government over a social media ban for under-16s. Wealthfront's IPO saw a $2.7 billion valuation. Bank of America's shares recovered from the 2008 crisis. Warehouse clubs are increasing store brands. First Brands requested access to $250 million in customer receipts. Fermi stock dropped due to a lost funding commitment. A law professor sued Boeing over toxic fumes. Broadcom's stock tumbled despite strong AI business revenue forecast.

MorningStar·
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OpenAI
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US
AVGO
-11.43%
MorningStar·
NA
OpenAI
0.00%
US
AVGO
-11.43%

CNBC Daily Open: Investors sell off tech despite steady Broadcom numbers

Tech stocks, including Broadcom, saw a sell-off, causing major U.S. indexes to fall. Despite Broadcom's strong earnings and guidance, investor concerns over margins and deals led to a 11% drop in its shares. The Dow rose 1.1% due to financial stocks, but tech dragged down the S&P 500 and Nasdaq. Analysts remain optimistic about Broadcom's future, but investors are jittery amid AI bubble fears.

CNBC·
US
AVGO
-11.43%
CNBC·
US
AVGO
-11.43%
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