Broadcom Helps Semiconductor ETF Gain 7.5% as Software Stocks Jump 14%
Broadcom shares contributed to the iShares Semiconductor ETF’s 7.5% rally last week, trailing the software sector’s 14% surge led by Oracle (+25%) and ServiceNow (+15%). Despite this rebound, many top tech names including Microsoft remain over 20% below their all-time highs.
1. Weekly Sector Rally
Semiconductor stocks, represented by the iShares Semiconductor ETF, rose about 7.5% last week after leading the early leg of the tech rebound. Software names sharply outpaced semiconductors with a 14% surge, driven by heavyweights such as Oracle (+25%) and ServiceNow (+15%), marking the strongest weekly performance in over two decades.
2. Broadcom’s Role and Ongoing Lag
As a major holding in the semiconductor ETF, Broadcom helped fuel the 7.5% weekly gain but still trails the broader software rally. Even after this bounce, many leading technology stocks—including Microsoft—remain more than 20% below their record highs, underscoring that the sector’s recovery remains incomplete.