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AI Stocks: Long-Term Boom Ahead
Bank of America analysts predict a robust future for AI chip stocks, with Nvidia, Broadcom, and Lam Research leading the pack. Despite recent market volatility, they believe the AI spending boom is just beginning, driven by massive investments from tech giants and a global infrastructure overhaul. AI chip sales are expected to grow by another 50%, fueled by data center demand, supply constraints, business adoption, and intense competition. Near-term catalysts include Nvidias conferences, while market fluctuations are seen as a maturing cycle, not a sign of slowing AI adoption.
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Published on 4 days, 19 hours ago