Broadcom has secured a significant custom chip deal with Meta, reinforcing its position in the accelerator market through its XPU platform. Analysts broadly view the agreement as a signal that Broadcom's custom silicon strategy is gaining traction with hyperscale customers, though opinions diverged on whether the deal's specifics represented genuinely new information or a reconfirmation of a previously known relationship. The XPU platform competes in the custom AI accelerator space, where Broadcom targets large-scale infrastructure buyers seeking alternatives to Nvidia's standard GPU offerings. The Meta deal matters for Broadcom's stock because hyperscaler contracts carry multi-year volume commitments that anchor revenue visibility and support valuation multiples assigned to its semiconductor segment. Investors will be watching for guidance updates that quantify the Meta engagement, as well as any signals that additional hyperscalers are in discussions for similar custom silicon arrangements, which would test whether Broadcom can build a durable, diversified XPU customer base beyond its existing anchor relationships.
Indian startups raised $5.2 billion across 501 deals in H1 2026, down 9% in value but up 7% in deal count year-on-year, per the Inc42 Indian Tech Startup Funding Report. The drop is driven by fewer mega-rounds, while AI funding surged 317% and growth-stage deal activity hit a multi-year high.
The BSE Sensex fell 893 points and the Nifty 50 shed 279 points on June 30, 2026, wiping out roughly Rs 6 lakh crore in investor wealth in a single session. Both indices dropped 1.16%, closing at 76,200.68 and 23,824.10 respectively.
Kotak Mahindra Bank shares fell nearly 3% to Rs 397.6 after CEO Ashok Vaswani announced plans to exit the bank. Investor concern now centres on succession timing and whether the bank's ongoing digital and deposit-growth strategy will stay on track.
South Korea's Kospi dropped 3% at Monday's open while Japan's Nikkei fell 1%, as escalating US-Iran conflict triggered a broad risk-off move across Asian markets. South Korea's heavy reliance on Middle East oil imports makes it especially vulnerable to geopolitical shocks of this kind.
