Shares of tech giant Broadcom Inc. (NASDAQ: AVGO) have been a joy for investors to hold, delivering a massive 130% gain in 2024 that included an all-time high in December. It would have been a shock for them when the rally came to an abrupt halt last month after a DeepSeek-driven selloff saw the stock shed 20% in just a matter of sessions. But instead of rolling over, Broadcom has come roaring back, gaining 20% in the past two weeks alone and looking poised to keep climbing.
Momentum is clearly on its side. The semiconductor sector remains one of the most sought-after areas of the market, and Broadcom continues to position itself as a leader in AI, cloud computing, and networking technology. Add in a strong earnings report, rising dividends, and fresh bullish calls from analysts, and it’s hard to ignore the potential upside oozing from this stock. Let’s take a closer look.
