BROADCOM INC CEDEAR EA 39 REP 1 COM(USD)

Broadcom's stock is among five AI data center stocks that have risen 108% year to date, despite a recent 2.2% decline, indicating a broader reassessment of expectations in the semiconductor market.

Broadcom shares increased by 2.4%, making it the top performer on the Nasdaq and one of the leading gainers on the S&P 500.

Saxo Bank reported that Broadcom is making progress in the artificial intelligence sector, positioning itself alongside other leading companies such as Nvidia.