Why Broadcom Shares Are Moving

Broadcom Inc. AVGO shares are trading higher Thursday ahead of the company's quarterly earnings report.

What To Know: Broadcom is set to report third-quarter earnings after the market close Thursday. The company is expected to report earnings of $10.42 per share and revenue of $8.86 billion.

The quarterly results follow recent strength in tech and further volatility in AI-related sectors, with shares of semiconductor and chip stocks trading higher, particularly on Tuesday. Broadcom shares have followed the recent trend, up 7.73% this week.

Broadcom stock is up 64.83% year-to-date.

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AVGO Price Action: Shares of AVGO were up 3.12% at $920.10 at the time of publication, according to Benzinga Pro.

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