Broadcom momentum sparks renewed investor enthusiasm – SiliconANGLE

Since the generative artificial intelligence awakening, we’ve said consistently that Nvidia Corp. and Broadcom Inc. are the No. 1 and No. 2 AI plays in tech. Since peaking in mid-December of last year, Broadcom shares have been under pressure, down on sympathy with other semiconductor stocks and the general confusion about the economy, tariffs, inflation, jobs, geopolitics, debt and more.

Broadcom’s fiscal first-quarter results were impressive and support our base case for the…