From Nasdaq: 2024-06-10 17:17:00

The rise of artificial intelligence (AI) is fueling a stock market rally, with semiconductor stocks like Taiwan Semiconductor and Broadcom surging, while Advanced Micro Devices slumps. Wall Street analysts predict Broadcom’s AI-related revenue to triple, driving stock price movements.

Morgan Stanley analysts favor Broadcom as an AI strong player, projecting significant revenue growth by 2025. In contrast, they downgraded AMD due to high expectations and lower growth compared to industry leader Nvidia. The market for generative AI is set to reach $1.3 trillion, benefiting chip manufacturers like Broadcom and TSMC.

Investors are urged to consider Taiwan Semiconductor Manufacturing’s stock potential, as it’s not among the top 10 recommended by Motley Fool Stock Advisor. The service boasts high returns and essential stock picks, citing past successes like Nvidia. The author holds positions in Nvidia, while Motley Fool recommends AMD, Nvidia, and Taiwan Semiconductor Manufacturing.



Read more at Nasdaq: Why Artificial Intelligence (AI) Stocks Taiwan Semiconductor and Broadcom Popped, While Advanced Micro Devices Dropped on Monday