.png)
German (DE) 
English (US) 
Spanish (ES) 
French (FR) 
Hindi (IN) 
Italian (IT) 
Russian (RU) Broadcom earnings may produce shock and awe originally appeared on TheStreet.
It would be easy to write off Broadcom's year-to-date stock performance as a "so what?"
Don't. Broadcom (AVGO) shares have been flying in the aftermath of stocks' tumbling in the wake of President Trump's tariff announcement.
True, the tech giant's year-to-date return is not impressive, up just 4.4%. But that's due to gyrating markets.
Since the end of the first quarter, however, Broadcom has jumped 44.6%, closing Friday at $242.07. That's just 3.9% below its December peak of $251.88.
Broadcom will command the most attention of companies reporting quarterly earnings this week. It's a smallish list of stocks overall because the first-quarter earnings season is largely finished.
The list includes cybersecurity company CrowdStrike Holdings (CRWD) , apparel retailer lululemon athletica (LULU) and video-game retailer GameStop (GME) .
Nvidia (NVDA) and Costco Wholesale (COST) were last week's glamour stocks and largely delivered what Wall Street wanted. And the stocks were mostly rewarded.
Nvidia was up 2.9% for the week. While the shares are up just 0,6% for 2025, they are up nearly 25% in the quarter as stock market has recovered from the tariff shock. Costco ended the week up 3.1% and is up 13.5% on the year.
The major averages all ended the week higher.
-
The Standard & Poor's 500 Index climbed 1.8%.
-
The Nasdaq Composite and Nasdaq-100 indexes were rose 2%.
-
The Dow Jones Industrial Average added 1.6%.
The S&P 500 ended May with a 6.2% gain, its best month of the year and the best month for the index since November 2023. It is also the S&P 500's best May performance since 1997.
The Dow industrials were up 3.9% for May. The tech-heavy Nasdaq-100 added 10.7%. The broader Nasdaq gained 9.6% for the month,
Related: Fed official sends strong message about interest-rate cuts
Broadcom is expected to tell a pretty good story with its fiscal second-quarter results, due after Thursday's market close. The company makes chips and infrastructure products that are key components used in artificial intelligence.
Its core customers include the hyperscalers — Microsoft (MSFT) , Alphabet (GOOGL) , Amazon.com (AMZN) and Facebook parent Meta Platforms (META) . It's been supplying the 5G radio components for the Apple (AAPL) iPhone.
Comments