Hopper58 schreef op 28 oktober 2024 07:13:
Op MarketWatch:
Why Intel, Broadcom, and Taiwan Semiconductor Stocks Popped Today
By Rich Smith – Oct 25, 2024 at 2:38PM
Key Points
A positive Bank of America note sent AI stocks higher on Friday.
TSMC stock is benefitting further from news that its new Arizona semiconductor plant is reaching high levels of efficiency -- even higher than TSMC enjoys in Taiwan.
Intel re-announced plans to invest $28 billion in new chips plants in Ohio.
Two of these AI chips stocks have good reasons to rise today. The third, not so much.
Shares of semiconductor giants Broadcom (AVGO 0.96%), Intel (INTC 1.52%), and Taiwan Semiconductor Manufacturing (TSM 2.78%) all marched higher Friday after Bank of America analyst Vivek Arya was quoted encouraging investors to invest in the "generational capex cycle in generative AI infrastructure."
Capex is shorthand for capital expenditures. Broadcom, TSMC, and Intel are chipmakers considered part of said "capex cycle," inasmuch as they produce the semiconductor chips that AI companies must buy if they want their artificial intelligence (AI) programs to function. As of 1 p.m. ET, Broadcom shares were up 2.5%, Intel had risen 3.5%, and Taiwan Semiconductor Manufacturing, also called TSMC, is doing best of all, with a 3.6% gain.
www.fool.com/investing/2024/10/25/int...