Broadcom

Shares of the in-demand chip maker hit an all-time high of US$502 on the back of a strong profit report, and analysts say it could be set for more gains, despite rising US bond yields complicating the outlook for equities and especially tech stocks.

While advisers are not yet seeing substantial client demand for semiconductor and chip stocks, the popularity of the AI chatbot ChatGPT has highlighted opportunities for Australian investors to gain exposure to the surging sector.