BUZZ - AI and semiconductor stocks rise, boosted by optimism over artificial intelligence spending prospects

October 27 - ** Artificial intelligence and semiconductor stocks rose, boosted by continued optimism over spending on AI infrastructure

** Broadcom (AVGO.O) shares rose 2.59% after it announced (link) providing $63 billion in funding for Anthropic's computing capacity on Monday

** D.A. Davidson said the AI cycle is "not entirely over," upgrading its rating from "neutral" to "buy"

** The Philadelphia SE Semiconductor Index .SOX hit a one-week high and is on track for a third consecutive day of gains

** Nvidia NVDA.O rose 0.75%, while Advanced Micro Devices AMD.O climbed 4.28%

** Micron Technology MU.O gained 2.46%, Intel INTC.O rose 2.70%, and SanDisk SNDK.O increased 3.24%

** Server makers Dell DELL.K and Super Micro SMCI.O rose 7.69% and 6.85%, respectively

** Emerging cloud computing company CoreWeave CRWV.O was up 6.07%, and peer Nebius NBIS.O gained 9.68%

** Meta META.O fell 0.94%, the only decliner among the "Magnificent Seven," after the company planned to raise $97.5 billion through equity financing (link)

** William Blair stated that the fundraising reflects Meta's confidence in the long-term returns of AI investments

** Other tech giants Alphabet GOOGL.O, SpaceX SPCX.O, and Amazon AMZN.O were up 1.05%, 2.02%, and 0.95%, respectively; Oracle ORCL.K gained 2.84%

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