Direxion Daily AVGO Bull 2X Shares(AVL.US)

Last Updated 19:00:00 ET
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Direxion Daily AVGO Bull 2X Shares
AVL.US
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US STOCKS-S&P 500 notches record high close driven by Broadcom, other chipmakers

The S&P 500 reached a record high close, driven by gains in Broadcom and other chipmakers, despite a weaker-than-expected jobs report. The index rose 44.32 points to 6,965.78, while the Nasdaq and Dow also saw increases. Chip stocks surged, with the PHLX semiconductor index hitting a record high. Valuations remain high ahead of earnings season, and the S&P 500 value index has outperformed growth stocks this year. Investors are closely watching potential volatility from the U.S. Supreme Court's decision on tariffs and Trump's mortgage bond purchase announcement.

Reuters·
US
AVGO
+1.37%
Reuters·
US
AVGO
+1.37%

BUZZ-U.S. STOCKS ON THE MOVE-Broadcom, home lenders, First Solar

U.S. stock index futures rose as investors reacted to December payroll data indicating slower job growth. Notable stock movements include: Gold miners fell due to price dips; Ardelyx surged on strong Ibsrela uptake; CrowdStrike was upgraded to 'buy'; Southwest Airlines climbed after a double upgrade; AXT fell after lowering revenue forecasts; and Broadcom gained on AI chip growth expectations. Home lenders rose following Trump's mortgage bond buy orders, while First Solar gained after a price target increase from BofA.

Reuters·
US
FSLR
+0.63%
US
AVGO
+1.37%
Reuters·
US
FSLR
+0.63%
US
AVGO
+1.37%

BUZZ-Broadcom gains; Mizuho raises PT on AI chip growth expectation

Networking and custom AI chipmaker Broadcom’sshares rise ~1% to $335.60 premarketMizuho raises PT to $480 from $450, implying an upside of 44.4% to stock’s last closeBrokerage says AVGO is well positioned to remain leader in AI chips industryMizuho expects Broadcom’s custom AI chip shipments to grow 43% per year from 2023 to 2027Avg. rating of 49 analysts is “buy”, their median PT is $461 - data compiled by LSEGAVGO gained 49.3% in 2025

Reuters·
US
AVGO
+1.37%
Reuters·
US
AVGO
+1.37%

US stock market close | Dow Jones up 0.66%, Micron Tech up over 10%, Tesla down 2.59%

The three major U.S. stock indices closed overall at high levels, with the Dow Jones rising 0.66%, the S&P 500 slightly up 0.19%, and the Nasdaq slightly down 0.03%. The semiconductor sector performed outstandingly, with Micron Tech soaring 10.51% and Nvidia rising 1.26%. The automotive manufacturing sector was volatile, with Tesla dropping 2.59%. There was a clear divergence among sectors, with tech leaders strongly rising and some popular stocks showing significant fluctuations. Macroeconomic indicators show that the Federal Reserve maintains high interest rates, and overall economic data remains robust, with the market focusing on expectations of a soft landing for the economy

Market Heartbeat·
US
MU
-2.13%
US
TSLA
+0.72%
US
NVDA
+1.10%
Market Heartbeat·
US
MU
-2.13%
US
TSLA
+0.72%
US
NVDA
+1.10%

BUZZ-Chipmakers set to log 2025 gains as AI rally persists despite bubble fears

Chipmakers are projected to see significant gains in 2025, driven by ongoing investments in AI despite bubble concerns. The Philadelphia Semiconductor Index is expected to close over 43% higher, marking its third consecutive year of gains. Nvidia is on track for a ~40% increase, while Broadcom anticipates a 50% rise. AMD could close ~80% higher, and Intel is set for an 86% increase. Micron may rise nearly 250% due to AI demand, and Qualcomm is expected to see a 13% rise. Analysts from Jefferies note that AI remains a strong focus for investors.

Reuters·
US
QCOM
+1.84%
US
AMD
-0.23%
US
INTC
-0.91%
Reuters·
US
QCOM
+1.84%
US
AMD
-0.23%
US
INTC
-0.91%
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