### Broadcom Stock Climbs as Traders Eye Modest Post-Earnings Move

In recent weeks, Broadcom shares have soared amid signs of robust demand in the AI sector. Investors are keenly anticipating the semiconductor giant's fiscal second-quarter earnings report, which will be released after the market closes on Thursday. Current options pricing indicates that traders expect Broadcom stock to fluctuate by approximately 6.5% in either direction following the earnings release. Such a movement could propel the stock to an all-time high of around $273 or dip it to $240, a level observed just a week ago.

On Wednesday, Broadcom shares continued their upward trajectory, marking a six-day winning streak and closing at a record high on Tuesday. The stock has experienced a remarkable rise of more than 30% over the past month, fueled by renewed interest in AI technologies, particularly spurred on by Nvidia's impressive performance last week.

Historically, Broadcom's post-earnings stock movement has averaged 13.9% over the last four quarters, with the stock appreciating in three out of those four instances. A 6.5% swing this time would be its smallest post-earnings movement since December 2023. Notably, the stock surged over 8% in March following record first-quarter revenue, attributed to strong performance in its AI semiconductor and infrastructure software divisions. Additionally, the stock saw nearly a 25% leap following the robust December earnings report, further solidifying Broadcom’s position among the elite $1 trillion market cap companies.

Despite the stock's impressive recent performance, analysts are cautiously optimistic about its immediate future. Out of 14 analysts tracked by Visible Alpha, 13 assign a "buy" rating to Broadcom, while one remains neutral. The average price target is set at $251.70, which is slightly below the stock’s closing price on Tuesday, indicating limited upside potential heading into the upcoming earnings report.