02:03 PM EST, 12/16/2024 (MT Newswires) -- Investment bank Goldman Sachs was among several Wall Street firms adjusting their respective price targets on Broadcom ( AVGO ) , lifting it to $240 from $190 while maintaining the chipmaker's buy rating.

Broadcom ( AVGO ) shares jumped 10%, with intraday trading volume at over 66 million, compared with a daily average of about 23.7 million.

US Vice President Kamala Harris said Tuesday that Micron Technology ( MU ) received a $6.1 billion investment under the CHIPS and Science Act to fund the construction of memory chip facilities in Clay, New York, and Boise, Idaho.

Shares advanced 7.2% as intraday trading volume soared to more than 29.3 million from a daily average of about 21.1 million.

Wedbush said Tesla's (TSLA) autonomous and artificial intelligence initiatives could become a "game changer" for the company and Elon Musk under a Trump White House.

The firm said in a Sunday note that it estimates the AI and autonomous vehicle opportunity could be worth at least $1 trillion for Tesla. Regulatory hurdles around full self-driving and autonomous technologies will likely ease, potentially fast-tracking key initiatives.

Shares of Tesla climbed 5.2% as intraday trading volume rose to more than 80.9 million from a daily average of about 89.4 million.

Price: 248.08, Change: +23.28, Percent Change: +10.36