AVGO Stock Alert: How Broadcom Could Pave a Path to New Highs

Broadcom’s (NASDAQ:AVGO) stock may hit new highs as the semiconductor sector will integrate a sharp recovery in the fourth quarter of 2024. As per analysts at Bank of America Securities, the industry has struggled in the third quarter of 2024. The sector countered heightened volatility and macroeconomic (demand side) concerns.The iShares Semiconductor ETF (NASDAQ:SOXX) yielded negative returns during this period, reflecting the broader market’s uncertainty over the short term. However, the ETF as a sector b ...