Broadcom, Visa And A Semiconductor ETF On CNBC's 'Final Trades'

On CNBC’s "Halftime Report Final Trades," Rob Sechan of New Edge Capital Group named Broadcom Inc. AVGO as his final trade, saying several companies, including Google, rely on Broadcom’s chips.

Broadcom recently launched the artificial intelligence chip Jericho3-AI at a time when the use of AI is skyrocketing.

JP Morgan Private Bank’s Anastasia Amoroso picked VanEck Semiconductor ETF SMH, saying this week is a big one for semiconductor earnings. Despite being a risky trade, Amoroso added she is sticking with semis given big tech earnings last week.

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Jim Lebenthal of Cerity Partners said Visa Inc. V reported very good earnings results. "I think there is more spending ahead," he added.

Visa reported second-quarter revenue of $7.99 billion, down 11% year-over-year. The revenue total beat a Street consensus estimate of $7.79 billion. “Visa’s strong fiscal second quarter performance reflects continued focus on our growth levers – consumer payments, new flows and value added services,” Visa CEO Ryan McInerny said.

Price Action: Visa shares were flat at $232.81, while VanEck Semiconductor ETF added 0.6% to $248.82 during early trading on Monday. Broadcom shares gained 0.4% to $629.81 at the time of publication on Monday.

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