Why Intel, Broadcom, and Taiwan Semiconductor Stocks Popped Today

Shares of semiconductor giants Broadcom (NASDAQ: AVGO), Intel (NASDAQ: INTC), and Taiwan Semiconductor Manufacturing (NYSE: TSM) 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.So that's the big picture backgrounding today's moves in semiconductor stocks generally. But why are these three stocks moving specifically? Well, in the case of Broadcom the answer is obvious: Alongside Nvidia, Arya named Broadcom as his top pick among AI stocks.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool