In a strong week for Wall Street, a wide-ranging group of Club stocks marched higher, including both of our chipmakers benefiting from the artificial intelligence boom. Here’s a breakdown of the Club’s top-five performers over the past five sessions. AVGO YTD mountain Broadcom (AVGO) year-to-date performance Shares of Broadcom jumped 9.55% this week, occupying the top spot among portfolio stocks. The company held its artificial intelligence infrastructure event Wednesday, where management announced a third customer for its custom AI chip business. Wall Street analysts speculated that TikTok parent ByteDance is Broadcom’s new customer. Alphabet’s Google and Meta Platforms are the other two customers, according to JPMorgan analysts. Broadcom stock jumped 3% Wednesday, as investors digested its event. Shares climbed even higher Thursday, adding another 5.6%. In response to the conference, TD Cowen analysts boosted Broadcom’s price target to $1,500 per share from $1,400. It closed Friday at $1,353.47 per share. Jim Cramer said Broadcom will continue to benefit from the AI frenzy because the firm is “integral in advancing accelerating computing.” Broadcom, he said, will “make a fortune” off of it. FL YTD mountain Foot Locker (FL) year-to-date performance Foot Locker was the week’s second-best performer, advancing 8.5% over the past five sessions. The stock received a nice boost Friday, after Citigroup upgraded the stock to neutral from sell and raised its price target to $24 a share from $19. Nike’s new distribution strategy may benefit Foot Locker, the analysts argued, translating to improved risk/reward for the beleaguered sneaker retailer. Still, we remain cautious on Foot Locker because of its recent slump and sizable earnings miss earlier this month. “I have very low expectations,” Jim said on Friday’s Morning Meeting. SWK YTD mountain Stanley Black & Decker (SWK) year-to-date performance Stanley Black & Decker stock advanced 7.41% this week, grabbing the No. 3…
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