Broadcom Rises 3.9% as Nasdaq and S&P Score Sixth Straight Record Week
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.
Related News
KDP
Keurig Dr Pepper Sets $0.23 Dividend, CEO to Present at June 3 Conference
KDP•
TNL
Travel + Leisure Co. Declares $0.60 Per Share Cash Dividend Payable June 30
TNL•
GOOGL
Alphabet Executes Record Yen Bond Sale as Google Secures 9.7 GWh AI Storage Contracts
GOOGL•
HUBG
Hub Group Delays Q1 Earnings After Revealing 2023-24 Misstatements, Stock Falls 12.5%
HUBG•
GROW
US Global Investors Sees 15% AUM Gain, 31% Revenue Growth and $2.6M Profit
GROW•
Sources
FFF