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.