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Nvidia, Broadcom, TSMC, other AI names rally on Oracle's massive growth projections

1. Oracle forecasts $114 billion in sales by fiscal 2029, boosting AI demand. 2. Broadcom, key for AI custom chips, saw stock rise 9% post Oracle news. 3. Nvidia's hardware accounts for 70% of AI data center budgets, impacting suppliers. 4. Taiwan Semiconductor sales surged 34% in August, reflecting strong demand. 5. Companies like CoreWeave rose 20%, driven by increasing AI computing demand.

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FAQ

Why Bullish?

Oracle's optimistic sales forecasts indicate strong demand for AI technology, benefitting AVGO as a key supplier.

How important is it?

Oracle's expansion signals positive trends in AI infrastructure, increasing AVGO's market relevance.

Why Long Term?

As AI demand grows, investments in infrastructure will take time to materialize, sustaining AVGO's growth potential.

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