Broadcom Earnings Anticipation Drives Options Market Activity
Broadcom's fiscal fourth-quarter earnings report, due after Thursday's market close, has traders positioning for potential volatility. The chipmaker's stock could swing 6% in either direction based on current options pricing—potentially extending its record-breaking rally or retreating from Monday's all-time high of $407.
The company's AI chip division, supplying tech giants like Google and Meta, continues to fuel growth expectations. Last quarter's revenue beat at $15.95 billion cemented Broadcom's status among elite tech performers, with some dubbing it a "Magnificent 8" stock alongside Nvidia.