Asian markets have retreated following a surge in AI stocks that brought the S&P 500 close to a new record. Broadcom was one of the strongest contributors to this rise, gaining 3.7% after announcing long-term agreements to supply silicon products to Apple . This increase came after two consecutive losses of over 2% on Wednesday and Thursday at the end of the previous week, just before Friday's holiday for the Fourth of July. What happened In the last trading day, SpaceX erased early gains, falling 1% . This drop occurred just before the company is set to join the Nasdaq 100 index, which includes the largest non-financial stocks listed on Nasdaq. This inclusion marks a significant milestone for the company. Market impact The decline in Asian markets comes at a time when investors are concerned about ongoing volatility in the stock market. However, the recent rise in AI stocks has also led to renewed optimism about technological advancements and the future of companies like Broadcom and SpaceX. Broadcom shares rose by 3.7% SpaceX fell by 1% before joining the Nasdaq 100 Investors remain cautious amid market uncertainty For more detailed information, check the original source. This article is not financial advice. Always do your own research before making decisions about your money. Read the full article