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It’s time for Market Minute on Yahoo Finance.
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U.S. stocks are rising today, with the tech sector pushing the major averages higher.
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But in corporate news, Amazon announced plans to spend up to $50 billion to expand its ability to provide AI and high-performance computing services to the U.S. government.
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Amazon Web Services plans to break ground on the data center next year.
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Additionally, as Alphabet stock soars, Broadcom stock is also rising along with Google’s suppliers.
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The company’s stock is trading at record highs amid optimism about its AI products.
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Google’s success is especially important for Broadcom, which has partnered with the tech giant since 2016.
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And Coles has appointed a new CEO.
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The company has promoted interim CEO Michael Bender to a full-time role.
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The company is trying to overcome a period of management turmoil and sluggish sales.
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That’s Yahoo Finance’s Market Minutes.
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