Home Business These companies could benefit from Biden’s infrastructure push, Bank of America says

These companies could benefit from Biden’s infrastructure push, Bank of America says

by Sakuragun Chan

President Joe Biden gestures as he answers a question during his first formal news conference as president in the East Room of the White House in Washington, March 25, 2021.

Leah Millis | Reuters

The expected multi-trillion infrastructure plan from President Joe Biden could provide another tailwind to semiconductor stocks, Bank of America said in a note to clients.

Biden is expected to unveil the first of a two-part spending proposal Wednesday, focused on infrastructure upgrades. That topic has been a major theme of Biden’s campaign and early presidency and the “Build Back Better” approach/

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