Broadcom extends Apple chip deal to 2031 as AI stocks rally

The Monday rally reflects growing confidence that the AI compute boom will sustain demand for semiconductors even after recent market selloffs. Broadcom's extended Apple agreement signals multi-year confidence from a major buyer, while the timing of Samsung and SK Hynix events this week suggests the market is testing whether Big Tech's appetite for chips remains strong. SK Hynix's 260% year-to-date gain underscores the sector's strength, though a UBS analyst's comment about parsing the week's announcements for signs of stabilization indicates investors still view tech's recent volatility as unsettled. The convergence of these announcements—a flagship supply deal, a major earnings report, and a large-scale US listing—appears designed by the market to clarify whether the AI-driven demand cycle is sustainable or cyclical.