Broadcom Mounts Strongest 2-Day Rally Since IPO: Leveraged ETF Nearly Doubles In 2 Sessions

Broadcom Inc.‘s AVGO stock price soared 38% over two sessions — its strongest two-day rally since going public in 2009.

A blowout earnings report, bullish analyst updates, and promising artificial intelligence (AI) developments vaulted the semiconductor company into the elite trillion-dollar market-cap club.

The impressive surge began on Friday, following Broadcom’s latest earnings announcement, with shares climbing 24.4% in a single day. The momentum continued into Monday, where the stock advanced another 11%, pushing Broadcom’s market cap from $850 billion to $1.17 trillion in just 48 hours.

This achievement places the company alongside tech giants such as Apple Inc. AAPL, Microsoft Corp. MSFT, NVIDIA Corp. NVDA, Alphabet Inc. GOOG GOOGL, Amazon Inc. AMZN, Meta Platforms Inc. META, and Tesla Inc. TSLA.

Earnings and AI Tailwinds Fuel Optimism

Broadcom released earnings after the market closed last Thursday. Investors felt encouraged by the company's robust revenue growth due to surging demand for AI-related chips.

The semiconductor manufacturer also revealed its ongoing collaboration with Apple to develop a custom AI chip, underscoring its expanding role in enabling next-generation AI technology.

Adding to the bullish sentiment, Goldman Sachs analyst Toshiya Hari reiterated on Monday a "Buy" rating for Broadcom and raised the stock's 12-month price target from $190 to $240, labeling the company as a "key enabler of generative AI."

Leveraged ETF Gains: Direxion AVL Nearly Doubles

Broadcom’s stock surge also had a dramatic impact on the Direxion Daily Broadcom Bull 2X Shares ETF AVL, which offers leveraged exposure to the company's daily stock performance.

In just two sessions, the ETF skyrocketed 84%, reflecting Broadcom’s remarkable gains.

The leveraged ETF’s performance highlights the outsized potential returns — and risks — of these high-magnitude investment vehicles during periods of strong market momentum.

Catch Up On Benzinga's Latest Broadcom Updates:

• Broadcom’s Options: A Look at What the Big Money is Thinking
• Broadcom, Tesla Propel Nasdaq 100 Gains, Bitcoin Hits $107,000, Fuels Crypto Stocks Rally: What’s Driving Markets Monday?
• Broadcom’s AI Chip Leadership Puts Pressure on Nvidia and Marvell, Analysts Say
• Apple’s 2025 Chip Transition Targets New Wireless Edge, Broadcom To Retain Key Role

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