00:00
Speaker A
Time now for what to watch Wednesday, September 6th.
00:03
Speaker A
More tech earnings coming our way. Broadcom headlining the day, reporting third quarter results after the market's close.
00:10
Speaker A
The focus once again on AI. Analysts expecting Broadcom to benefit from accelerating custom chip demand and another leg higher in hyperscalar spending.
00:18
Speaker A
Capital budgets across the five biggest hyperscalars are now up roughly 40% year to date to more than 700 billion.
00:23
Speaker A
Also reporting after the close, Snowflake.
00:26
Speaker A
They're coming after a run of strong software earnings including Salesforce, helping revive optimism around a sector that had been under pressure over fears of AI disruption.
00:35
Speaker A
Investors looking for signs that enterprise spending remains healthy and that demand for its AI products can keep that rebound going.
00:41
Speaker A
And finally, we're getting another read on the labor market with August ADP private payrolls.
00:46
Speaker A
Economists forecasting a gain of 47,000 jobs, up slightly from July.
00:50
Speaker A
The new data helping set the tone ahead of Friday's big jobs report.
