Stock market volatility returned over the summer, but after a brief respite, the widely followed S&P 500 index is hitting new highs again. As the stock market moves higher, Wall Street analysts are making bullish calls on Broadcom (NASDAQ: AVGO) and Advanced Micro Devices (NASDAQ: AMD). Here's why these growth tech stocks are poised for a rebound.

The S&P 500 index recorded impressive gains of 20% so far in 2024 to hit a level of around 5,740 points as of this writing, and the good news is that certain Wall Street analysts believe that the index could end the year on a stronger note.

U.S. stock indexes are drifting around their records as hopes hold that the economy can pull off the rare feat of getting painfully high inflation under control without a recession. The S&P 500 was up 0.