Broadcom Rises 3.9% as Nasdaq and S&P Score Sixth Straight Record Week
AVGO•Broadcom shares climbed 3.93% this week as the S&P 500 and Nasdaq Composite secured consecutive record highs for the sixth straight week. The chipmaker was highlighted as one of the two leading semiconductor stocks to own in May, benefiting from AI-driven sector gains.
1. Broadcom Among Top Semiconductor Picks
Broadcom climbed 3.93% on growing optimism as major U.S. indexes extended their record streak to six weeks, supported by cooling oil prices and strong ADP jobs data. Analysts singled out Broadcom alongside Applied Materials as a leading semiconductor holding for May, citing robust AI sector demand and attractive growth potential.
