Broadcom's stock has experienced a significant increase of over 17% after the release of its recent earnings report. This surge is attributed to the strong demand for AI computing, particularly from major players like Apple.

CEO Hock Tan has projected a serviceable addressable market for AI between $60 billion and $90 billion by 2027, indicating a promising growth potential in the sector. Analysts have expressed caution regarding Nvidia, as it has faced recent challenges despite ongoing discussions about its performance.

The S&P Short Range Oscillator, a key momentum indicator, currently stands at minus 2.19 after a downturn on Thursday. Market watchers anticipate a potential bottom soon, as levels below minus 4 typically indicate an oversold market, which often presents investment opportunities. Wall Street is expected to open higher on Friday.

Following its better-than-expected earnings report, Costco has received several upward price target adjustments, demonstrating the effectiveness of its global business model. The stock is approaching record highs, reflecting strong investor confidence in the retailer's performance.