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Broadcom, AMD Lead Chip Stocks Higher Monday on Anticipation of AI-Driven Gains [Video]

Chip stocks surged Monday, led by Broadcom (AVGO) and Advanced Micro Devices (AMD) following bullish calls from analysts anticipating gains driven by growing demand for artificial intelligence (AI).

Shares of Broadcom added 5.5%, leading gains on the S&P 500 after UBS analysts lifted their AI revenue estimates for the company in fiscal 2026 and 2027 by 20% and 40%, respectively. The analysts maintained a “buy” rating for the stock and raised their price target to $270 from $220, implying a 16% premium from Monday’s closing price of $232.35.

UBS is not the only firm bullish on Broadcom, with all of the 14 analysts polled by Visible Alpha holding a “buy” or equivalent rating for the stock. However, their average price target is a bit lower at $249, suggesting 7% upside. Broadcom shares have already more than doubled in value this year.

Meanwhile, AMD shares jumped 4.5% to $124.60 Monday after analysts at Rosenblatt called it a “top pick” for the …

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Severe weather damages homes, power lines in Alabama [Video]

Extreme weather hit Coosa Island overnight Saturday into Sunday, causing significant damage to homes and infrastructure.Damaged homes, ripped and downed power lines, and debris are everywhere.Coosa Valley Electric Cooperative CEO Jon Cullimore said crews are now working around the clock to restore power.We are here for our consumers as an electric cooperative we're owned by the consumers we serve, we're not for profit, we're here to provide service and that's what our guys are out doing they're trying to get that service restored because our consumers need that electricity especially with the colder weather that's coming in, explained Cullimore.>>THE LATEST: Your forecast from WVTM 13 meteorologistsResidents off camera said they noticed the strong winds around midnight.It only lasted for about five minutes, but the damage the wind left behind will take much longer to fix.Some who live here even say they may have to rebuild their homes from the ground up.The National Weather Service said it will survey Coosa Island to see if a tornado did touch down.As of Monday morning, NWS confirmed tornadoes in Lamar County and Athens, Georgia. NWS plans to survey at least two other sites in Shelby and St. Clair counties Monday.