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Broadcom Shoots to All-Time High as Analysts Increase Bullishness

Kevin Curran

is sending semiconductor bulls forward on Friday. Shares of the San Jose-based chip leader achieved an all-time high opening price on Friday after the company's fiscal first-quarter earnings report forecast a strong second-half rebound in the semiconductor sector. "We expect our Semiconductor business to bottom in the second fiscal quarter driven almost entirely by the seasonal drop in Wireless," CEO Hock Tan told analysts on Thursday evening.