US Stock Market Move | Most chip stocks rose, Broadcom Inc. (AVGO.US) rose more than 5%

On Friday, the Philadelphia Semiconductor Index rose by 2.5%, with most chip stocks increasing. Broadcom Inc. (AVGO.US) rose by over 5%, AMD Inc. (AMD.US) by over 4%, Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR (TSM.US) by over 3%, ASML Holding NV ADR (ASML.US) by nearly 3%, and NVIDIA Corporation (NVDA.US) by over 1%. On the news front, Bank of America Corp analyst Vivek Arya raised the global semiconductor industry revenue forecast for 2026 to $1.3 trillion, driven by the development and expansion of companies such as NVIDIA Corporation and Broadcom Inc. Arya stated, "We still believe that the AI/data center sector will contribute most of the growth through computing, networking, and storage chips." Analysts expect the semiconductor market to reach $2 trillion within the next four years, with a compound annual growth rate of approximately 11.4%. Furthermore, earlier this week, Gartner also released optimistic forecasts for the semiconductor industry, matching the annual expectation of $1.3 trillion mentioned above. This will mark three consecutive years of double-digit growth in the industry, highlighting the importance of the industry in the AI boom.