Wall Street's main indexes rose on Friday with Nasdaq outperforming after an upbeat forecast from Broadcom kept alive the euphoria around artificial intelligence and lifted chip stocks. Broadcom forecast quarterly revenue above Wall Street estimates and predicted booming demand for its custom AI chips in the next few years,

One analyst noted that the type of AI chip Broadcom makes could pick up market share relative to “costly” graphics processing units.

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