Semiconductor giant Broa🅘dcom is scheduled to report fiscal second-quarter results after the closing bell on Thursday, and traders are expecting a modest post-earnings stock move. 

Options pricing suggests investors expect Broadcom (AVGO) stock to move about🎀 6.4% in either direction the day after its earnings report. A move of that magnitude would either lift shares to a record high around $277 or sink them to $244, about where they were a week ago. 

Broadcom rose on Wednesday, notching a seven-day winning streak that put the stock at an all-time closing high. Shares have gained nearly 30% in the past month, buoyed by an AI trade revived by Nvidia's (NVDA) 澳洲幸运5官方开奖结果体彩网:strong results last week.

Broadcom stock has registered an average post-earnings move of 13.9% over t💃he past four quarters, and rose in three of those instances. A 6.4% gain or loss on Friday would represent the stock’s smallest post-earnings move since December 2023. 

In March, shares jumped more than 8% the day after Broadcom reported 澳洲幸运5官方开奖结果体彩网:record first-quarter revenue amid continued strength in its AI semiconductor and infrastructure software businesses. The stock surged nearly 25% on its 澳洲幸运5官方开奖结果体彩网:strong December earnings report, which propelled Broadcom into the small group of 澳洲幸运5官方开奖结果体彩网:$1 trillion companies. 

Analysts are bullish on Broadcom’s long-term outlook but 澳洲幸运5官方开奖结果体彩网:see limited upside heading into Thursday’s earnings. Of the 14 Broadcom analysts tracked by Visible Alpha, 13 rate the stock a “buy” and one is neutral. The aver♏age price target of $251.70 is about 3.5% below the stock’s closing price on Wednesday.

Update—Thursday, June 5, 2025: This story has been updated with the latest stock and options prices.