Why Nvidia, Broadcom, and Other Artificial Intelligence (AI) Stocks Rallied This Week
Broadcom(AVGO) The Motley Fool·2024-09-13 03:36
Surprisingly strong results and hopes for a rate cut are powering these AI specialists.Most market watchers would agree that one of the dominant forces driving the market rally over the past year is advancements in the field of artificial intelligence (AI). On the other hand, investors have kept a sharp eye on the trajectory of the economy as inflation continues to wane. Recent economic indicators suggest conditions are ripe for the Federal Reserve Bank to begin interest rate cuts, which could happen as soo ...