Why Broadcom's stock is leading the chip sector's rally on Wednesday

Core Viewpoint - Oracle Corp. is forecasting significant growth in its cloud business for the coming years, indicating a sustained interest in artificial intelligence, which is positively impacting semiconductor stocks [1] Company Summary - Oracle Corp. is experiencing optimism regarding its cloud business growth, which is seen as a reflection of the ongoing enthusiasm for artificial intelligence [1] Industry Summary - The excitement surrounding Oracle's predictions is contributing to a rise in semiconductor stocks, suggesting a broader market confidence in technology sectors linked to AI [1]