From Yahoo Finance: 2025-06-06 19:15:00

Broadcom Inc. (AVGO) saw its shares fall despite reporting stronger-than-expected earnings, dropping 4.5% during the session. The company reported $15 billion in revenue for the quarter, up 20% from a year ago. Broadcom is a major player in the AI boom, designing networking products for AI chips inside data centers. It is a key stock in major indexes and ETFs.

Broadcom’s exposure to AI has pushed its market cap above $1 trillion, making it one of the most influential stocks in various indexes and ETFs. It is the sixth-largest holding in the SPDR S&P 500 ETF Trust (SPY) and the fifth-largest in the Invesco QQQ Trust (QQQ). The company also has significant representation in semiconductor-focused funds like the VanEck Semiconductor ETF (SMH) and the iShares Semiconductor ETF (SOXX).

Investors interested in a more aggressive play on Broadcom have the option of the Defiance Daily Target 2X Long AVGO ETF (AVGX), which offers 2x leveraged exposure to the stock. Despite Friday’s dip, Broadcom remains a key AI bellwether and a major driver of performance for many popular ETFs.



Read more at Yahoo Finance: Broadcom Slips After Earnings Beat, Drags Down Tech ETFs