With shares in an overbought situation following their earnings, Broadcom stock was in need of a short-term “correction” that would allow the stock to rest and provide an opportunity for investors to “buy the dip” before advancing higher in January.

Both stocks have had strong runs in 2024. Let's consider which semiconductor looks like the better buy heading into 2025.

Nvidia’s “king of AI” stature is allegedly under threat as its top customers turn to Broadcom to build custom chips and systems. Find out why NVDA stock is a Buy.