Hello Monday! Broadcom joined the trillion-dollar club after a 20% surge, driven by AI growth and record December gains. Analysts see more upside from custom AI chips and strong Apple demand. Here’s how to stay ahead in the chipmaker boom. Also, shine the spotlight on these five stocks quietly garnering interest.

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MARKET RECAP

Last Week: The S&P 500 and Nasdaq ended flat Friday but remain up significantly for the year. Treasury yields held at 4.40%, reflecting strong U.S. growth and softer Fed rate-cut expectations. Consumer spending stayed resilient, supported by wage gains and easing inflation.

On Our Radar: Important economic reports will be released this week, starting with U.S. retail sales and the home builder confidence index on Tuesday. On the earnings front, Compass Minerals and Mitek Systems will release their quarterly results later this afternoon.

TOP STORY

Broadcom Hits $1 Trillion Milestone: The Next Magnificent Tech Giant?

Broadcom hit a trillion-dollar milestone after a 20% rally, fueled by soaring AI demand and its strongest December since going public. Analysts expect growth opportunities in AI chips and steady revenue from Apple.

Here’s what this means for tech investors looking to capitalize on the AI boom.

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FIVE ZINGERS

Index Shuffle: The innovation benchmark Nasdaq 100 reconstitution has taken place, with MicroStrategy, Palantir Technologies and Axon Enterprise moving in. Unfortunately, these three names have subsequently been given the boot.

Cruise Control: The Trump transition team reportedly seeks the abolishment of accident-reporting rules involving automated driving systems. Here’s why EV manufacturer Tesla could wind out.

Trash Talk: Despite wide criticism of Netflix’s Jake Paul-Mike Tyson boxing match, management framed the event as a success. This is what’s on the radar next for the streaming juggernaut.

Curtain Call: U.S. policymakers warned Apple and Alphabet’s Google to prepare for the removal of the ByteDance-owned TikTok from their app stores by Jan. 19. This is what may happen next to the popular video-sharing platform.

Bulk Buying: Decades ago, the late veteran investor Charlie Munger identified big-box retailer Costco Wholesale as an upside opportunity. Read about the key milestones that continue to make the company relevant.

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5 Stocks Investors Secretly Monitor But Don't Talk About Yet

Each week, Benzinga’s Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks that are just under the surface and deserve attention.

On Friday, Benzinga Edge members received a list of five of these up-and-coming stocks. As a valued Ring the Bell reader, today you’re getting a sneak peek at one of them:

Investors are constantly on the hunt for undervalued, under-followed and emerging stocks. With countless methods available to retail traders, the challenge often lies in sifting through the abundance of information to uncover new opportunities and understand why certain stocks should be of interest.

Snap Inc: The social media and messaging company saw strong interest from Benzinga readers during the week, which is likely related to the continued fight to ban TikTok in the U.S.

Snap and TikTok social media rivals such as Facebook, Instagram and Reddit could benefit if the app is banned. TikTok lost a fight with the U.S. appeals court recently with parent company ByteDance facing a deadline of Jan. 19, 2025, to sell the U.S. arm to a non-Chinese owner or face app stores removing the platform in America.

To keep reading, and get the other four Whisper Index stocks, sign up for Benzinga Edge here.

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