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Benzinga
Benzinga
Business
Anusuya Lahiri

Semiconductor Stocks Gain As Trump's AI Action Plan Fuels Hopes of Major Chip Demand Surge

Donald Trump Semiconductor White House United States America Artificial Intelligence Executive Order NVDA
Close-,Up,Of,Computer,Chip,With,Ai,Sign.,Artificial,Intelligence.

The White House has unveiled “Winning the AI Race: America’s AI Action Plan,” fulfilling President Trump’s January executive order to remove obstacles to U.S. leadership in artificial intelligence.

AI chip stocks Nvidia (NASDAQ:NVDA), Advanced Micro Devices (NASDAQ:AMD), Broadcom (NASDAQ:AVGO), Marvell Technology (NASDAQ:MRVL), and Taiwan Semiconductor Manufacturing Co (NYSE:TSM) gained on Wednesday, giving up Tuesday’s losses.

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