Why Intel, Broadcom, and Taiwan Semiconductor Stocks Popped Today
Intel(US:INTC) The Motley Fool·2024-10-25 18:38Two of these AI chips stocks have good reasons to rise today. The third, not so much.Shares of semiconductor giants Broadcom (AVGO 1.55%), Intel (INTC 2.57%), and Taiwan Semiconductor Manufacturing (TSM 3.09%) 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," ...