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. 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.