Tempus AI rebound, Meta's AI ad push, Broadcom earnings optimism
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Market Domination co-host Julie Hyman tracks today's top moving stocks and biggest market stories in this Market Minute.
Tempus AI (TEM) shares jump after TD Cowen responded to a recent short report, calling some of its claims exaggerated.
Advertising stocks fall as Meta (META) reportedly plans to fully automate ad creation and targeting with artificial intelligence (AI) by the end of next year, according to The Wall Street Journal.
Meanwhile, Broadcom (AVGO) shares rise ahead of its June 5 earnings report.
Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.
It's time for Yahoo Finance's market minute. US stocks pairing earlier losses amid a flare up in trade tensions between the US and China. Tempis AI shares jumping as TD Cowen chimes in on a short report from Spruce Point that came out last week. TD Cowen pointing out that issues in that report were quote, already known, other points exaggerated, and some new ones worth exploring. The firm also found some stated concerns as misleading and or incorrect. Advertising stocks taking a hit in today's trade. Meta reportedly aims to let brands fully create and target ads using AI. That's according to the Wall Street Journal. The social media giant aiming to have full AI use in ads by the end of next year. And Broadcom shares rising ahead of the company's second quarter results on June 5th. The stock approaching a record high. Morgan Stanley striking an optimistic tone on the company's growth rate for its custom silicon business. And that's your Yahoo Finance market minute. For more on what's trending on Yahoo Finance, scan the QR code below.