AMD, TSMC, and Broadcom stocks rose due to a 15.2% year-over-year increase in January 2024 semiconductor sales.

AMD, TSMC, and Broadcom stocks rose today due to global semiconductor demand and US government involvement. The Semiconductor Industry Association (SIA) reported that January 2024 sales totaled $47.6bn, up 15.2% year-over-year from January 2023, marking the largest year-over-year increase in monthly sales since May 2022. These results signaled a strong start to the year, driving the stocks upwards.

March 06, 2024
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