 Broadcom, Nasdaq, AvGio had more than the coming weekend to celebrate on Friday. The company's share price got a nice lift after a prominent bank reshuffled its top stock picks in the semiconductor industry. With that at its back, Broadcom's shares closed more than 2% higher on a day when the S&P 500 index essentially traded flat. No less a financial institution than Mighty Bank of America was the entity tapping Broadcom as a prime stock in the person of analyst Vivek Arya. Before market open, Arya named his new top five semiconductor stocks. Outside of Broadcom, the shortlist included NVIDIA, NXP Semiconductor's KLA Corporation and Synopsis. In his research note on the quintet, the prognosticator flagged Broadcom's leadership in the segment of custom artificial intelligence, AI chips, as a major factor in its inclusion. AI continues to be an extremely hot area of technological development and therefore investor interest. Zooming out to the broader chip sector, the industry is currently experiencing tailwinds that should push many of its stocks higher. What helps, Arya wrote, is the consumer chip inventory correction that started in Q322 appears to have run its course. Broadcom's stock passed the $1.00 per share early this week. At the moment, it seems there's no looking back. The company is front and center of a massive technological shift with AI and investors are betting that it will be a big winner in that game. Broadcom, Inc., a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today announced that the compensation committee of Broadcom's board of directors approved granting on December 15, 2023. Restricted stock unit awards covering 4,394,353 shares of its common stock to 13,831 new employees and performance stock unit awards covering 91,930 shares of its common stock at target to 25 new employees, of which up to two times the number of target shares can be earned upon the achievement of specified performance goals under Broadcom's 2023 inducement plan. Each award was granted as an inducement material to the employee's commencement of employment in connection with Broadcom's acquisition of VMware, Inc., and pursuant to NASDAQ, listing rule 5,635C4. The restricted stock unit awards will vest over four years with either one-sixteenth of the award vesting quarterly or one-quarter of the award vesting annually, subject to continued employment with Broadcom through the vesting dates. The performance stock unit awards are earned based on Broadcom's total stockholder return relative to the S&P 500 index over four annual performance periods, subject to continued employment with Broadcom through the vesting dates. Each award is subject to the terms and conditions of Broadcom's 2023 inducement plan and the grant agreements covering the awards. Before you buy stock in Broadcom, A-V-G-O, consider the both the positive and negative catalysts and decide if this could produce monster returns in the coming years.