Broadcom and four other stocks approach buy points
Broadcom and other IBD 50 members are trading near buy points, driven by demand for artificial intelligence technology.
The majority of these stocks are suppliers of technology and equipment for AI data center operations.
Hyperscalers have a high demand for semiconductors and power-generation products, benefiting these companies.
The S&P 500 and Nasdaq held near highs, with Nvidia and Walmart earnings looming.