What's Going On With AI Related Stocks Nvidia, AMD, Broadcom And Super Micro On Thursday?
Portfolio Pulse from Anusuya Lahiri
AI-related semiconductor stocks, including Nvidia, AMD, Broadcom, and Super Micro, saw gains after the U.S. Federal Reserve cut interest rates by 50 basis points. This move is expected to boost spending in AI technology, benefiting companies heavily invested in AI, despite challenges like U.S. sanctions on China.
September 19, 2024 | 1:07 pm
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POSITIVE IMPACT
AMD's stock increased by 3.74% after the Fed's interest rate cut, which is expected to enhance AI-related spending.
AMD, being involved in AI technology, benefits from increased spending due to the Fed's rate cut, leading to a positive stock movement.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Broadcom's stock climbed 3.45% as the Fed's rate cut is expected to boost AI technology investments.
Broadcom, a key player in AI technology, is likely to see increased investments following the Fed's rate cut, positively affecting its stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Nvidia's stock rose 3.16% following the Fed's interest rate cut, which is expected to boost AI technology spending.
Nvidia is a leading player in AI technology, and the Fed's rate cut is likely to increase spending in this area, positively impacting Nvidia's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Super Micro's stock rose 3.00% as the Fed's interest rate cut is expected to enhance AI technology spending.
Super Micro, involved in AI technology, benefits from the Fed's rate cut, which is expected to increase spending in AI, leading to a stock price increase.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
TSMC's stock increased by 2.80% as the Fed's rate cut is expected to boost AI chip production investments.
TSMC, a major AI chip supplier, is likely to benefit from increased investments in AI chip production following the Fed's rate cut.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70