Broadcom is in a strong position in the growing AI chip market, driven by scalable solutions like Tomahawk Ultra. Read more on why I'm bullish on AVGO.

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Bank of America (BofA) this week raised its price target on Microsoft Corporation (NASDAQ: MSFT) to $585 from $515 ahead of the company’s July 30 earnings release, flagging strong momentum in cloud infrastructure, encouraging partner feedback, and early signs of traction from its AI Copilot tools.

While a majority (53 per cent) of the AI job postings were in the IT sector, openings for AI roles in the banking sector grew by 48 per cent while IT-enabled services and BPO sectors saw a 39 per cent increase from the year ago period. Other sectors such as accounting reported a 49 per cent growth in AI hiring, as per the report.

Industry demands are changing and only about 30 per cent of the country’s intelligent computing capacity is being used.

Taiwan chip giant TSMC reported profits that leaped more than 61% year-over-year, driven largely by the demand for chips to fuel artificial intelligence and

Nvidia said it has filed applications to resume selling H20 GPUs in China and has received assurances that licenses will be granted.

NVIDIA delivered strong financial performance in Q1 2026 and maintained momentum in the AI sector, breaking record levels and continuing to rally despite ongoing trade tensions, export restrictions, and geopolitical uncertainty.