Major indexes started to move up in midday trading Wednesday, as transportation stocks outperformed the market. Decent action by megacap techs blunted the decline overall, as Microsoft continues to lead this year and remains in a proper buy zone. Apple, a recent breakout, was extended on the stock market today.
The stock has fallen back from recent highs but BoA Securities analyst Vivek Arya is raising his target price.
We recently published a list of the Big Tech Funds are Buying These 10 AI Stocks. Since Broadcom Inc (NASDAQ:AVGO) ranks 9th on the list, it deserves a deeper look. As mega-cap technology stocks continue to soar to new highs, the number of Wall Street analysts highlighting the “concentration of gains” problem are increasing. It’s more than […]