Broadcom, Marvell, HPE, Alphabet, and More Stocks That Explain Today’s Market

The rebound in software stocks appeared to be fizzling out as Wall Street pivoted back toward the chip and server makers that have helped power the market to all-time highs in recent months. Investors were focused on Hewlett Packard Enterprise Google parent Alphabet plans to raise $80 billion, and Anthropic’s decision Monday to file for its initial public offering. Oil prices, meanwhile, moved higher as Wall Street continued to weigh ongoing uncertainty surrounding U.S.-Iran peace negotiations and the future of shipping through the Strait of Hormuz.