Reported 9 months ago
Semiconductor stocks experienced mixed movements due to Wall Street analysts' opinions. Taiwan Semiconductor Manufacturing (TSM) and Broadcom surged, while Advanced Micro Devices (AMD) dropped. Morgan Stanley issued positive views on Broadcom's AI-related revenue growth, projecting significant potential upside. TSMC, as Broadcom's major customer, will benefit from this growth. In contrast, AMD faced a downgrade due to high valuation and modest performance compared to Nvidia. With the AI market expected to expand, Broadcom and TSMC stand out as attractive investments, being reasonably priced and essential in the semiconductor landscape.
Source: YAHOO