U.S. stocks rose on July 6, led by technology and semiconductor names. Broadcom gained after extending a custom-chip supply deal with Apple through 2031, while Microsoft fell after announcing about 4,800 job cuts. Investors are betting on strong AI-driven earnings, but they are also asking whether massive AI capital spending can translate into real returns.

U.S. stocks rose on July 6, led by technology and semiconductor names. Broadcom gained after extending a custom-chip supply deal with Apple through 2031, while Microsoft fell after announcing about 4,800 job cuts. Investors are betting on strong AI-driven earnings, but they are also asking whether massive AI capital spending can translate into real returns.