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Broadcom earnings may produce shock and awe

Sun Jun 1, 2025

Broadcom earnings may produce shock and awe originally appeared on TheStreet.

Updated: 9:20 p.m. ET on Sunday June 1

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.

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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.

A trader working at the New York Stock Exchange on Friday.ANGELA WEISS/Getty Images

A trader working at the New York Stock Exchange on Friday.ANGELA WEISS/Getty Images

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.