News Summary

• Wall Street's SOX chip index jumped more than 5% on Tuesday as the wider S&P ‌500 eked out another record closing high.
• The yen flirted again with the important 160-per-dollar level as the fresh u.s.-Iran exchanges boosted the greenback.
• Shares of chip designers Broadcom and Marvell Technology have surged since 2025 on rising demand for custom AI chips from hyperscalers seeking to reduce reliance on Nvidia's processors.
• Broadcom will ‌report second-quarter earnings on Wednesday.