By Todd Shriber
Publication Date: 2026-08-18 11:30:00
Last Friday, shares of semiconductor giant Broadcom (AVGO) dipped nearly 6% on reports of a security vulnerability pertaining to the company’s VMware vCenter Syslog Server. Concerns about the state of the artificial intelligence (AI) funding market didn’t help matters, either.
With that pullback, Broadcom is 20.6% removed from its 52-week high, meaning that the widely followed AI stock is in a bear market. This implies that among single-stock ETFs, the Direxion Daily AVGO Bear 1X Shares (AVS) may be the path of least resistance for short-term traders looking to tap into this tech name.
Embracing the bearish AVS is a logical response to the current state of affairs with Broadcom stock, but risk-aware traders shouldn’t be hasty in dismissing the Direxion Daily AVGO Bull 2X (AVL) — an ETF designed to deliver 200% of the daily performance of the chip stock.
AVL Can Be Great Again
Some of the factors that could facilitate a Broadcom rebound are longer-ranging…