Broadcom's Sustained Rise Draws Intrigue For Direxion's AVL And AVS ETFs
1. Broadcom beat earnings expectations, posting $1.69 EPS vs. $1.65 consensus. 2. Revenue rose 22% to $15.95 billion, driven by AI and networking strengths. 3. Q4 revenue guidance of $17.4 billion exceeds estimates, indicating strong momentum. 4. AVGO stock jumped significantly post-earnings, up almost 49% year-to-date. 5. Market risks persist amid concerns of economic stagflation affecting future valuations.