US Stock Market Movement: Most chip stocks rise, Broadcom (AVGO.US) up over 5%

According to reports, Bank of America analyst Vivek Arya has raised the global semiconductor industry revenue forecast for 2026 to $1.3 trillion, a growth driven by the development and expansion of companies such as NVIDIA and Broadcom. Arya stated: “We continue to believe that the AI/data center sector will contribute the majority of growth through computing, networking, and storage chips.” Analysts expect the semiconductor market size to reach $2 trillion within just four years, corresponding to a compound annual growth rate of about 11.4%.