Dow, S&P 500, Nasdaq futures fall after Wall Street's bounce back

💻 Broadcom rallies as it touts more than $100 billion in AI chip sales in 2027

Broadcom shares jumped about 7% before the bell on Thursday after the company said it expects artificial intelligence chip sales to top $100 billion in 2027, as it pushes into a market long ruled by Nvidia.

Big Tech firms such as Alphabet, Microsoft, Amazon and Meta are expected to spend more than $600 billion to build AI infrastructure this year, boosting demand for chips, servers, storage and networking equipment.

Broadcom expects to deliver 3 gigawatts worth of tensor processing units for AI work to Anthropic in 2027, and plans to ship OpenAI's first AI chip, delivering over 1 GW, in the same year. Yahoo Finance reports.


🏭 Nvidia partner Hon Hai’s sales climb 22% in global AI buildout

Hon Hai Precision Industry Co.’s revenue rose 21.6% in the first two months of 2026, underscoring demand for the Nvidia Corp. servers vital to global AI development.

Sales climbed to a record NT$1.33 trillion ($41.9 billion) during the period.

Analysts are projecting, on average, a rise of 28% in 2026’s first three months.

On a monthly basis, revenue rose just 8% in February, though that was in part because the Lunar New Year holidays fell in February this year, versus January in 2025. Yahoo Finance reports.


⛽ Exxon Mobil’s first Gulf Coast-to-Australia fuel shipment signals how Hormuz disruption is spreading

Exxon Mobil Corporation is set to ship around 600,000 barrels of fuel from the U.S. Gulf Coast to Australia in mid March, according to four people familiar with the situation, marking the company’s first such move.

These shipments are intended to supply Exxon’s own Australian import needs as Asian refiners grapple with crude shortages linked to ongoing Strait of Hormuz disruptions.

Exxon runs three fuel terminals across Australia and distributes to retailers via its Mobil Oil arm. TechStock² reports.


🔬 Coherent unveils 224Gbps chip for AI data center optics as Nvidia-linked demand shifts to 1.6T

Coherent Corp rolled out its 224Gbps quad channel transimpedance amplifier on Wednesday, zeroing in on the push for 800G and 1.6T optical transceivers powering AI and cloud data centers.

The CHR1074, as the company calls it, snaps back to full performance in just 50 nanoseconds after an idle period, according to Coherent.

Samples are already shipping, while the company expects to ramp up broader availability by the end of next quarter.

AI driven infrastructure is redefining performance and power requirements across the optical interconnect ecosystem, said Beck Mason, executive vice president for semiconductor devices at Coherent. Yahoo Finance reports.


🚀 Why Veeva Systems shares are trading higher by over 11%

Shares of Veeva Systems Inc rose sharply in premarket trading as the company reported upbeat fourth quarter financial results and issued FY27 guidance above estimates.

Veeva Systems reported fourth quarter revenue of $836 million, up 16% year over year.

The revenue total beat a Street consensus estimate of $810.6 million, according to data from Benzinga Pro.

The company reported fourth quarter earnings per share of $2.06, beating a Street consensus estimate of $1.93.

Veeva Systems shares jumped 11.3% to $209.81 in the premarket trading session.

Here are some other stocks moving in premarket trading. Benzinga reports.

*Estimate and Actual numbers represent Earnings Per Share in US Dollars


GOTU: Gaotu Techedu
Q4 2025
Before Market Open
Estimate: N/A
Actual: -0.050

VSCO: Victoria's Secret
Q4 2025
Before Market Open
Estimate: 2.510
Actual: N/A

TLSI: TriSalus Life Sciences
Q4 2025
After Market Close
Estimate: -0.130
Actual: N/A

Time (ET) / Report / Period

8:30 AM - Initial jobless claims - Feb. 28
8:30 AM - U.S. productivity - Q4
8:30 AM - Import price index - Jan.

“The purpose of margin of safety is to render the forecast unnecessary.”

– Benjamin Graham

Sourced in: Seth Klarman quotes – ValueWalk.

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