The U.S. stock market cooled off Friday as major indexes—the Dow, S&P 500, and Nasdaq—retreated slightly after a streak of record-setting gains post-election. While the broader market slowed, several stocks saw notable moves, driven by company news, market dynamics, and broader economic trends.

Broadcom Hits All-Time High

Broadcom (AVGO) led the S&P 500, hitting a record high after delivering better-than-expected earnings. The chipmaker reported robust demand for its AI-related products, signaling strong growth potential in this lucrative sector. For investors eyeing the AI space, Broadcom’s performance reinforces the opportunities in chipmakers capitalizing on this rapidly growing industry.

Supermicro Faces Pressure

Super Micro Computer (SMCI) shares slid significantly amid speculation about its potential removal from the Nasdaq 100 Index. This development sparked investor concern about reduced fund allocations, underscoring the impact of index changes on stock momentum.

EVgo Gets a Boost

Shares of EVgo (EVGO) surged following the announcement of $1.25 billion in federal loan guarantees for its electric vehicle charging infrastructure. This government support highlights the growing focus on EV adoption, offering a bullish outlook for the sector’s long-term growth.

Charles Schwab’s Flat Growth Disappoints

Charles Schwab (SCHW) saw its shares decline as the brokerage firm reported stagnant sweep cash levels for November. Investors seemed concerned about the company’s ability to generate growth in this critical metric, reflecting broader caution in the financial services sector.

Penn Entertainment Gains Favor

Penn Entertainment (PENN) shares rallied on an upgrade and price target increase from JPMorgan. Analysts cited optimism around the casino operator’s strategic investments starting to deliver returns, providing a positive outlook for its future performance.

RH Defies Housing Market Weakness

RH (RH), the home furnishings retailer, surged after boosting its full-year guidance and reporting a surprise profit. Despite a challenging housing market, the company’s resilience suggests that luxury-focused businesses can find success even in tough economic conditions.

Market Summary

Oil prices climbed higher, gold took a dip, and U.S. Treasury yields advanced as the bond market saw renewed interest. On the currency front, the U.S. dollar gained on the pound and yen but slipped against the euro. Cryptocurrencies, meanwhile, mostly traded lower, reflecting continued market volatility.

What Does This Mean for Investors?

The mixed performance across sectors highlights opportunities for both growth and caution. Broadcom’s record-breaking AI momentum and EVgo’s government-backed expansion underscore long-term potential in tech and clean energy. However, Schwab’s struggles and Supermicro’s uncertainty remind investors to remain vigilant about company fundamentals and external market factors.

Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice.