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0 -7.77181938293256E-05 0.000155436387658209 0 -0.00093261832595014 -0.00170980026424207 -0.00170980026424207 -0.00170980026424207
Stock impact report

Here's Why Broadcom Stock Rose 44% in the First Half of 2024 [Yahoo! Finance]

iShares Select Dividend ETF (DVY) 
Company Research Source: Yahoo! Finance
reacted to strong quarterly earnings driven by demand for hardware supporting artificial intelligence (AI) applications. That trend lifted several semiconductor stocks during the first half of 2024. Investors also seemed pleased with Broadcom's stock split, which was announced in June. Broadcom helped to lead the charge for AI semiconductor stocks AI stocks have serious momentum, and semiconductors have been a popular focus for that trend in 2024. Microchip makers struggled in 2023 due to weakness in the automotive and consumer electronics markets. Many of the largest semiconductor companies struggled with weak sales volume and unit prices. Fortunately, AI software applications often require high-performance hardware to function properly, resulting in higher-than-expected demand for new-generation semiconductors. Broadcom was one of the biggest beneficiaries of that catalyst. Its performance closely tracked the iShares Semiconductor ETF throughout early 2024, illustrating the pe Show less Read more
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