Broadcom Inc. (AVGO.US) has set a record for its longest winning streak in nearly two and a half years, with stock prices approaching historical highs.

Amid the overall recovery in the semiconductor sector, the stock price of Broadcom Inc. (AVGO.US) continues to show strong performance, rising significantly since April and gradually approaching its historical high. On Thursday, the stock price of Broadcom Inc. increased by 0.44% to $398.47, marking its eighth consecutive trading day of gains, setting a record for the longest consecutive gain since December 2023. Data shows that the stock has gained 28% in April, and if the momentum continues, it will be the company's third strongest month since its listing in 2009. The stock price is currently just a step away from its historical closing high of $412.97 set in December last year. The strength of Broadcom Inc.'s stock price is partly attributed to the overall rebound in the semiconductor sector. After a period of selling off following the US attacking Iran, the market has seen funds flowing back into chip stocks as sentiments recover. The VanEck Semiconductor ETF, which tracks industry performance, has risen by about 19% this month. There is generally positive outlook for the industry. Analysis points out that the continuous expansion of demand for artificial intelligence and data centers is the core driving force behind industry growth. Bank of America Corp's latest estimate predicts that the annual growth rate of the non-memory semiconductor market will reach about 25% by 2026, higher than the previous forecast of 22%. In addition to industry factors, the progress in Broadcom Inc.'s own business has also been an important support for the stock price increase. The company recently announced expanded cooperation agreements with Alphabet Inc. Class C (GOOG.US, GOOGL.US), Meta Platforms (META.US), and the AI startup company Anthropic, further solidifying its position in the AI computing power field. In light of this, UBS Group AG has raised its mid-term performance expectations for Broadcom Inc., expecting the company to ship around 7 million Tensor Processing Units (TPUs) by 2027, higher than the previous forecast of 6 million. They have maintained a "buy" rating and set a target price of $475. From a market perspective, Broadcom Inc. remains one of Wall Street's most favored large tech stocks. Data shows that among 54 analysts, 51 have given a "buy" or equivalent rating, demonstrating a high level of confidence in its long-term growth prospects.