The year 2024 proved very eventful for the semiconductor companies in the U.S. tech sector. It rewarded those, includingNvidia Corp(NASDAQ:NVDA) andBroadcom Inc(NASDAQ:AVGO), that successfully tapped the artificial intelligence wave while punishing those that failed, likeIntel Corp(NASDAQ:INTC).
A third of the ten global companies worth over $1 trillion came from the chip industry, Bloomberg reports.
In 2024, Broadcom joinedTaiwan Semiconductor Manufacturing Co(NYSE:TSM) and Nvidia in the coveted Trillion club.
Broadcom stock surged 114%, while Intel plunged 58% in the last 12 months, underscoring the strategies that worked or failed for the companies.
Broadcom develops...