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Benzinga

Business

Erica Kollmann

Micron, Broadcom Just Got 25% Cheaper — And Chip Stocks Are 'Far From Bubble Territory', UBS Says

UBS Broadcom Micron Nasdaq AVGO Semiconductor Broadcom Inc Micron Technology Inc MU

Ai,Chip,Growth,Trends,With,Increasing,,Halftone,Collage,Hand,Gestures

Micron Technology Inc. (NASDAQ:MU) and Broadcom Inc. (NASDAQ:AVGO) have pulled back roughly 25% from recent record highs, creating what UBS views as a more attractive entry point across semiconductor stocks.

AVGO stock is moving. See the chart and price action here.

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