The AI trade has jumped back into favor over recent weeks following some strong quarterly releases, with AI favorites such as NVIDIA, Innodata, and Broadcom all seeing big gains.
Broadcom (NASDAQ: AVGO) announced robust results for the second quarter of fiscal 2025 (ending in October), exceeding consensus estimates for both revenue and earnings. The company reported $15.0 billion in revenue, a 20% year-over-year increase, and adjusted earnings of $1.58 per share, up 44% year-over-year.
Pre-market futures had been up +0.25% or so across the board, but came back down to “unched” from yesterday's close following a few key economic data points. These data points were not bad across the board, but they do continue to narrative a subtle unraveling in things like a stout, impervious labor market.
Pre-market futures are rebounding back into the green on a report that President Trump and President Xi have spoken on the phone this morning.
This Zacks Thematic screen features diverse companies involved in AI, ranging from creators of software and hardware that power AI to those applying and utilizing this technology through automation, diagnostics, cognitive tasks, and more.
Broadcom (NASDAQ:AVGO) is scheduled to report its earnings on Thursday, June 5, 2025. Historically, AVGO stock has often seen a positive reaction to its earnings announcements.
Broadcom (NASDAQ:AVGO) stock is up nearly 45% in the last six months, significantly outperforming the broader Nasdaq index, down 1%. This strong performance is largely due to the company's rising sales, up 40% in the last twelve months.
The Zacks Electronics - Semiconductors industry players like AVGO, LRCX and PI gain from the growing proliferation of AI, ML and consumer electronic devices.
The quarterly 13F filing season is a goldmine for investors looking to uncover what some of the world's top hedge funds and institutional managers are buying and selling. Filed with the SEC within 45 days after each quarter's end, these disclosures provide a glimpse into the minds of elite investors managing more than $100 million, including big names like Warren Buffett, David Tepper, and Stanley Druckenmiller.
On Wall Street, just like in poker, observing the subtle tells can be incredibly insightful. The market's resilient reaction to the Moody's downgrade, coupled with the historical precedent of the late 1990s, signals a bullish market ahead.
Regardless of the recent stock market volatility, the explosive demand for semiconductors and microchips that has grabbed news headlines and led the market higher over the past few years remains.
Back in 2023, only 27% of the stocks in the S&P 500 outperformed the broader index. That ratio, which represented its lowest percentage in three decades, and only rose to 28% in 2024.