Why AI Stocks Broadcom, Lam Research, and Monolithic Power Are Rising Today

Shares of many artificial intelligence (AI)-related semiconductor names were moving higher on Wednesday, including Broadcom (NASDAQ: AVGO), Lam Research (NASDAQ: LRCX), and Monolithic Power (NASDAQ: MPWR), which were up 2.6%, 4.1%, and 8.5%, respectively, as of 1:12 p.m. ET.These weren't the only three AI-related chip stocks rising today, but this group does showcase a rather broad spectrum of products, from Broadcom's AI networking chips, to Lam's etch and deposition equipment for advanced chipmaking, to Monolithic's AI power modules.The news lifting all boats in the sector likely had to do with yesterday's announcement of the Stargate data center project by President Donald Trump and a host of other AI technology companies.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool