US Stock Market Move | Chip stocks rose across the board before the market opened. Broadcom Inc. (AVGO.US) rose 4%.

On Thursday, chip stocks in the US stock market rose before the market opened. Broadcom Inc. (AVGO.US) rose 4%, AMD (AMD.US), Arm Holdings (ARM.US), and Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR (TSM.US) rose over 3%, while Micron Technology, Inc. (MU.US) and Intel Corporation (INTC.US) rose over 2%. Citigroup recently released a report stating that Broadcom Inc. has become an important core holding for investors in the field of artificial intelligence. It is expected that Broadcom Inc.'s financial reports in the coming months will demonstrate strong growth potential, and the market is hopeful for a strong upward trend in its stock price after the financial report is released. This optimistic expectation has prompted investors to actively buy, putting upward pressure on Broadcom Inc.'s stock price. Additionally, Broadcom Inc.'s stock price increase is also related to its breakthroughs in technological innovation. The company recently launched the world's first Quantum-safe 8th generation 128G SAN switch, designed to handle critical workload tasks and AI applications. This technological innovation not only enhances Broadcom Inc.'s competitiveness in the market but also lays a solid foundation for its future revenue growth.