Broadcom stock surges and its market cap surpasses $1 trillion for the first time after CEO Hock Tan says the company’s artificial-intelligence opportunity over the next three years is ‘massive,’ while Tesla shares rise and the stock heads for a record closing high.

Key Takeaways Major U.S. indexes were slightly lower at midday Friday as markets pulled back from the post-election rally that sent them into record territory.Super Micro Computer shares tumbled amid concerns the stock could be removed from the Nasdaq 100 Index.