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Dow average hits peak as old-school stocks beat AI – The Edge Malaysia

(June 5): Wall Street drove a rotation out of chipmakers into several other industries that tend to benefit from a resilient economy after Broadcom Inc’s underwhelming outlook tested the artificial-intelligence trade.A blistering run in semiconductor companies from war-driven lows took a breather as Broadcom’s forecast for sales of AI chips disappointed investors hoping for more. The...