Advyzon Investment Management LLC boosted its stake in shares of Broadcom Inc. (NASDAQ: AVGO) by 32.8% in the undefined quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,504 shares of the semiconductor manufacturer's stock after acquiring an additional 4,814 shares during the quarter. Broadcom
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Despite the past year's stock market volatility, the explosive demand for semiconductors and microchips that has grabbed news headlines and led the market higher over the past few years remains.
Nvidia and Broadcom are each seeing huge demand for their computing equipment. Taiwan Semiconductor is the primary chip supplier for artificial intelligence (AI) hardware components.
Broadcom (AVGO) shares have risen by 11% over the past week and are now priced at $343. The surge was driven by massive AI infrastructure spending announcements from major hyperscalers such as Amazon.
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Taiwan Semiconductor is the primary chip supplier. Nvidia is the go-to computing unit provider.
Broadcom shares have pulled back about 20% from their highs. The stock has one of the biggest AI growth opportunities in front of it.
The AI cybersecurity market is poised to grow significantly in the long run, and the company discussed in this article is already benefiting from this trend. The other company discussed here is capitalizing on massive investments in AI infrastructure through its custom processors.
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