Broadcom Mounts Strongest 2-Day Rally Since IPO: Leveraged ETF Nearly Doubles In 2 Sessions

Broadcom Inc.‘s (NASDAQ:AVGO) stock price soared 38% over two sessions — its strongest two-day rally since going public in 2009.

A blowout earnings report, bullish analyst updates, and promising artificial intelligence (AI) developments vaulted the semiconductor company into the elite trillion-dollar market-cap club.

The impressive surge began on Friday, following Broadcom’s latest earnings announcement, with shares climbing 24.4% in a single day. The momentum continued into Monday, where the stock advanced another 11%, pushing Broadcom’s market cap from $850 billion to $1.17 trillion in just 48 hours.

This achievement places the company alongside tech giants such as Apple Inc. (NASDAQ:AAPL), Microsoft Corp. (NYSE:MSFT), NVIDIA Corp. (NASDAQ:NVDA), Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL), Amazon Inc. (NASDAQ:AMZN), Meta Platforms Inc. (NASDAQ:META), and Tesla Inc. (NASDAQ:TSLA).

Earnings and AI Tailwinds Fuel Optimism

Broadcom released earnings after the market closed last Thursday. Investors felt encouraged by the company's robust revenue growth due to surging demand for AI-related chips.

The semiconductor manufacturer also revealed its ongoing collaboration with Apple to develop a custom AI chip, underscoring its expanding role in enabling next-generation AI technology.

Adding to the bullish sentiment, Goldman Sachs analyst Toshiya Hari reiterated on Monday a "Buy" rating for Broadcom and raised the stock's 12-month price target from $190 to $240, labeling the company as a "key enabler of generative AI."

Leveraged ETF Gains: Direxion AVL Nearly Doubles

Broadcom’s stock surge also had a dramatic impact on the Direxion Daily Broadcom Bull 2X Shares ETF (NASDAQ:AVL), which offers leveraged exposure to the company's daily stock performance.

In just two sessions, the ETF skyrocketed 84%, reflecting Broadcom’s remarkable gains.

The leveraged ETF’s performance highlights the outsized potential returns — and risks — of these high-magnitude investment vehicles during periods of strong market momentum.

Catch Up On Benzinga's Latest Broadcom Updates:

• Broadcom’s Options: A Look at What the Big Money is Thinking
• Broadcom, Tesla Propel Nasdaq 100 Gains, Bitcoin Hits $107,000, Fuels Crypto Stocks Rally: What’s Driving Markets Monday?
• Broadcom’s AI Chip Leadership Puts Pressure on Nvidia and Marvell, Analysts Say
• Apple’s 2025 Chip Transition Targets New Wireless Edge, Broadcom To Retain Key Role

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