Investments in AI and semiconductors are growing, boosting companies like Marvell, Broadcom, and Micron.

From Nasdaq: 2024-12-17 13:43:00

The AI and semiconductor industry continues to thrive with significant investments from governments and venture capitalists. SoftBank CEO Masa Son and Donald Trump announced a plan to invest $100 billion in the US for AI and infrastructure. Amazon also plans to invest $25 billion in data centers in Ohio. Micron Technology secured a $6.1 billion subsidy to expand in New York and Idaho, while Broadcom and Marvell are experiencing growth in custom AI silicon. Marvell and Broadcom are leading the emergence of a new semiconductor industry. Micron Technology is projected to see strong growth in the memory segment and trade at an attractive valuation. Investors may consider adding Broadcom, Marvell, and Micron to their portfolios, as US policy remains supportive of the semiconductor industry. Zacks is naming the top 10 stocks for 2025, with a history of outperforming the S&P 500. Sign up for early access to these top picks on January 2nd.



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