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Benzinga
Benzinga
Business
Anusuya Lahiri

What Is Going On With Nvidia, Broadcom Stocks On Thursday?

AI stocks

Artificial intelligence (AI) chip players Nvidia (NASDAQ:NVDA) and Broadcom (NASDAQ:AVGO) gained on Thursday in tandem with the AI frenzy, with contract chipmaker Taiwan Semiconductor Manufacturing Co.’s (NYSE:TSM) upbeat quarterly earnings being the latest to reinforce investor optimism over the sector.

The Taiwanese chipmaker reported third-quarter results that exceeded analyst expectations, driven by strong global demand for its advanced processor technologies, which are critical to AI applications.

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