S&P 500 futures are flat while rising Treasury yields are pushing investors to rotate out of expensive tech stocks. Broadcom disappointed with light quarterly revenue guidance, but CEO Hock Tan reassured with ambitious AI revenue forecasts for 2028. Snowflake surges over 24% after blow-away quarterly results. Nvidia announces the acquisition of Hugging Face for $12.9 billion with a $1 billion retention plan to keep employees. Microsoft finally reveals Azure revenue at $29.4 billion for the last quarter.
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