Why Costco, Verizon, Kroger, and Other Safe Dividend Stocks Are Rising
Key Points Previously high-flying semiconductor stocks have plunged in recent days. Intensifying competition from Chinese chipmakers and mounting concerns that artificial intelligence (AI)-related spending may not produce its promised returns are prompting investors to seek shelter in more defensive businesses. That’s driving up the prices of dividend stocks like Kroger (NYSE: KR), Verizon (NYSE: VZ),…