Broadcom will report its fiscal-first-quarter earnings after the market closes. Investors are eagerly anticipating whether the company will reaffirm its optimistic forecast of the market for artificial-intelligence chips a day after Marvell Technology disappointed with its AI-chip revenue.

Key Takeaways Intel shares were up Monday after a report said Nvidia and Broadcom are running tests of its chip manufacturing process.Successful tests could mean chip manufacturing contracts for Intel worth hundreds of millions,

Intel shares powered higher in early Monday trading following reports that both Nvidia and Broadcom are looking to test the chipmaker's advanced AI production techniques in what could be an early and important endorsement of its nascent turnaround plans.