The S&P 500 rose on Tuesday, driven by optimism surrounding chipmakers such as Broadcom, which worked with major banks on a $63 billion deal to finance AI chip purchases for Anthropic. According to Jim Cramer, the market’s continued sensitivity to fluctuations in bond yields and oil prices is limiting investor conviction and argues for patience. Meta’s secondary stock offering was increased to $25 billion, but plans to sell $60 billion worth of stock starting next year are expected to weigh on the shares. Boeing’s stock fell nearly 10% after the company reported quarterly earnings that missed expectations, a decline Cramer described as a buying opportunity once the dust settles.
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