These 2 AI Stocks Are in a High-Stakes Cage Match Right Now
Stock markets continued to react Thursday morning to the latest news from the Federal Reserve the previous day, and investors didn't seem to feel comfortable with the likely future direction of monetary policy. With the Fed reaffirming its commitment to fighting inflation, interest rates could remain higher for longer than originally expected, and key parts of the Stock market are having trouble with that environment. Futures on major market benchmarks were down as much as 1% Thursday morning, adding to Wednesday's losses.
Artificial intelligence (AI) has been a key focal point for investors in the stock market lately, with AI stocks generally having seen substantial gains. Yet it's important to understand that in many ways, the AI revolution involves companies fighting each other for the same business, with potential for both winners and losers. That theme is playing out Thursday morning, as shares of Broadcom (NASDAQ: AVGO) and Marvell Technology (NASDAQ: MRVL) are making significant moves. Here's the story behind what's happening with these two AI stocks.
Shares of Broadcom were down more than 6% in premarket trading on Thursday. The semiconductor chip maker has its investors worried that it could lose a major client, if reports about the matter are correct.
Source Fool.com
Broadcom Ltd. Stock
With 67 Buy predictions and not a single Sell prediction Broadcom Ltd. is an absolute favorite of our community.
With a target price of 1384 € there is potential for a 949.76% increase which would mean more than doubling the current price of 131.84 € for Broadcom Ltd..
