AI stocks like Nvidia, Arm Holdings, Broadcom surged on anticipation of policy changes and growth

From Nasdaq: 2024-08-23 16:32:29

The market rally is driven by excitement over AI and productivity gains, despite high interest rates. Federal Reserve Chair Powell suggests rate cuts are imminent due to cooling job market and low inflation. AI stocks like Arm Holdings, Nvidia, TSMC, and Broadcom surged as investors anticipated policy changes and blockbuster results due to increased AI adoption. Analysts are bullish on Nvidia, with potential gains of 21%. Lower interest rates will likely spur further AI investment, but high valuations make these stocks risky. Arm, Nvidia, Broadcom, and TSMC are well-positioned for AI growth. The Motley Fool advises considering other stocks for potential returns.



Read more at Nasdaq: Why Nvidia, Arm Holdings, Broadcom, and Other Artificial Intelligence (AI) Stocks Rallied on Friday