Direxion Daily AVGO Bear 1X Shares(AVS.US)

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Direxion Daily AVGO Bear 1X Shares
AVS.US
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Uncle Sam's VMware 'bargain' doesn't include the actual hypervisor

The US General Services Administration is offering discounts of up to 64% on Broadcom's VMware portfolio under the OneGov Agreement, excluding the popular VMware vSphere Foundation. This initiative aims to enhance AI adoption in government. Significant contracts have been signed by various agencies, totaling nearly $1 billion. However, Broadcom's acquisition of VMware has led to customer dissatisfaction, with several companies reconsidering their commitments due to license changes and price hikes. The discounts expire in May 2027, leaving federal tech teams with limited time to decide on their strategies.

The Register·
US
AVL
+2.60%
US
AVGG
+2.53%
US
AVGW
+1.95%
The Register·
US
AVL
+2.60%
US
AVGG
+2.53%
US
AVGW
+1.95%

Nwam LLC Sells 4,570 Shares of Broadcom Inc. $AVGO

Nwam LLC reduced its stake in Broadcom Inc. (NASDAQ:AVGO) by 4.7% in Q3, selling 4,570 shares, leaving it with 91,798 shares valued at $31.2 million. Broadcom constitutes 2.2% of Nwam's portfolio. Other institutional investors have also increased their positions in Broadcom. Analysts maintain a positive outlook, with multiple firms issuing buy ratings and raising price targets, reflecting confidence in Broadcom's growth potential, particularly in AI and data-center demand. However, some analysts express concerns about valuation and margin risks amid recent insider selling and market performance.

Market Beat·
US
AVGG
+2.53%
US
AVGW
+1.95%
US
AVGU
+3.17%
Market Beat·
US
AVGG
+2.53%
US
AVGW
+1.95%
US
AVGU
+3.17%

Key facts: Broadcom faces stock decline; semiconductor demand rises

Broadcom is expected to benefit from rising estimates in the semiconductor sector, driven by increased demand for compute and networking related to AI advancements.1Broadcom's stock fell 4.9% and 5.4% due to a tech sector downturn, driven by rising geopolitical tensions and a shift to safer assets.23

TradingView·
US
AVGU
+3.17%
US
AVGG
+2.53%
US
AVS
-1.51%
TradingView·
US
AVGU
+3.17%
US
AVGG
+2.53%
US
AVS
-1.51%

Key facts: Broadcom's Profit Growth Forecast at 25%; ARK Invest Increases Stake; Stock Declines 3.1%

Broadcom is among the top tech stocks, expected to see 25% profit growth annually over the next two years, according to Citi equity strategist Scott Chronert.1ARK Invest, led by Cathie Wood, has increased its stake in Broadcom (AVGO) as part of a portfolio adjustment focusing on AI chipmakers and autonomous technology companies.2Broadcom's stock experienced a decline of 3.1% in response to a broader downturn in technology stocks, as investors moved towards safer assets such as gold.3

TradingView·
US
AVS
-1.51%
US
AVGX
+2.60%
US
AVL
+2.60%
TradingView·
US
AVS
-1.51%
US
AVGX
+2.60%
US
AVL
+2.60%

Wells Fargo Says You Should Buy the Dip in Broadcom Stock

Wells Fargo Says You Should Buy the Dip in Broadcom Stock

Barchart Option·
US
AVGU
+3.17%
US
AVGG
+2.53%
US
AVS
-1.51%
Barchart Option·
US
AVGU
+3.17%
US
AVGG
+2.53%
US
AVS
-1.51%
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