In a strong week for Wall Street, a wide-ranging group of Club stocks marched higher, including both of our chipmakers benefiting from the artificial intelligence boom. Here's a breakdown of the Club's top-five performers over the past five sessions.
mountain Broadcom year-to-date performance Shares of Broadcom jumped 9.55% this week, occupying the top spot among portfolio stocks. The company held its artificial intelligence infrastructure event Wednesday, where management announced a third customer for its custom AI chip business. Wall Street analysts speculated that TikTok parent ByteDance is Broadcom's new customer. Alphabet's Google and Meta Platforms are the other two customers, according to JPMorgan analysts.
mountain Nvidia year-to-date performance Nvidia is our fourth-best performing stock this week, as shares climbed 7.35% over the period. The company held its annual GTC developer's conference earlier this week, during which CEO Jensen Huang delivered his anticipated keynote address and announced its next-generation AI chip , among other updates. Based on recent history, it's hardly a surprise Nvidia made it on the top-gainers list.
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