Leverage Shares 2X Long AVGO Daily ETF is trading 4.5% higher today, benefiting from a broad tech sector rebound and a new company-specific catalyst for the underlying stock, Broadcom.
- Broadcom (AVGO) announced a partnership with Giga Computing to integrate its storage adapters into Giga's advanced AI servers, aimed at accelerating AI workloads for data center and edge deployments.
- The move also tracks stronger Nasdaq and S&P 500 futures, which reversed earlier losses ahead of the U.S. PPI inflation data release scheduled for today.