Why Semiconductor Stocks Broadcom, Arm Holdings, and Lam Research Rallied Today
Broadcom(US:AVGO) The Motley Foolยท2024-06-05 18:25Chip stocks are breaking out on more AI news combined with hopes for an economic soft landing.Shares of most semiconductor stocks including sector leaders Broadcom (AVGO 5.20%), Arm Holdings (ARM 6.18%), and Lam Research (LRCX 4.88%) were rallying today, with these three up 5.2%, 5.3%, and 4.6%, respectively, as of 12:50 p.m. ET on Wednesday.These three chip leaders are players within the artificial intelligence (AI) race, and their stocks have seen solid price appreciation in 2024. But that growth stalled ...