US Stock Market Move | Semiconductor stocks are generally up, Texas Instruments Incorporated (TXN.US) rose more than 4%

On Monday, semiconductor stocks rose across the board. AMD.US surged over 9%, ASX.US rose over 7%, TSM.US, ASML.US rose over 5%, TXN.US rose over 4%, LRCX.US rose over 3%, and AMAT.US rose 2%. In terms of news, Citigroup analysts, after an in-depth analysis of the semiconductor industry, stated that concerns about "excessive computational power" due to Meta Platforms possibly entering the cloud computing business are "overblown." The analysts from Citigroup stated: "Fundamentally, the demand for artificial intelligence computing is still in a supply shortage situation, as reflected in the recent 20% increase in AWS EC2GPU prices. We believe that the shortage of DRAM is the biggest constraint on computational power supply." Citigroup also expressed optimism about AMD gaining market share in the GPU market in the second half of the year. Additionally, Texas Instruments Incorporated is expected to see an increase in supply of power chips to NVIDIA Corporation in the second half of the year.