Broadcom, AMD and Nvidia Lead Chip Stocks Higher Monday on Anticipation of AI-Driven Gains

Chip stocks surged Monday, led by Broadcom and Advanced Micro Devices following bullish calls from analysts anticipating gains driven by demand for artificial intelligence .UBS analysts raised their price target for Broadcom's stock, citing the chipmaker's AI revenue growth. Rosenblatt analysts called AMD a "top pick" for the first half of 2025, noting its growing market share and AI-driven potential.Shares of other chipmakers, including Nvidia, Qualcomm, and Intel, also rose.Chip stocks surged Monday, led by Broadcom and Advanced Micro Devices following bullish calls from analysts anticipating gains driven by growing demand for artificial intelligence .Shares of Broadcom added 5.5%, leading gains on the S&P 500 after UBS analysts lifted their AI revenue estimates for the company in fiscal 2026 and 2027 by 20% and 40%, respectively. The analysts maintained a “buy” rating for the stock and raised their price target to $270 from $220, implying a 16% premium from Monday's closing price
Broadcom, AMD and Nvidia Lead Chip Stocks Higher Monday on Anticipation of AI-Driven Gains

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