Vanguard U.S. Multifactor ETF (BATS: VFMF)

Vanguard U.S. Multifactor ETF (BATS:VFMF), Quote.Headers.trade-ideas

Vanguard U.S. Multifactor ETF

Financial Services

Consumer Cyclical

Technology

Industrials

Energy

Healthcare

Consumer Defensive

Basic Materials

Communication Services

Other

Real Estate

The fund invests primarily in U.S. common stocks with the potential to generate higher returns relative to the broad U.S. equity market by investing in stocks with relatively strong recent performance, strong fundamentals, and low prices relative to fundamentals as determined by the advisor. Under normal circumstances, at least 80% of its assets will be invested in securities issued by U.S. companies.

American International Gr

Wells Fargo & Co.

Mueller Industries Inc

Valero Energy Corp.

Abbvie Inc.

Alphabet Inc Cl C

Aflac Inc.

Mgic Investment Corp

Marathon Petroleum Corp.

Hartford Financial Services Group Inc.

Vanguard US Multifactor ETF

Analyst Color

Long Ideas

News

Broad U.S. Equity ETFs

Analyst Ratings

Trading Ideas

ETFs

VFMF

Don&#39;t Overlook This Multi-Factor ETF

The agreement builds on the work deployed across APA&#39;s global portfolio over the past three years and introduces new artificial intelligence capabilities with Palantir&#39;s Artificial Intelligence Platform (AIP) software.
The agreement builds on the work deployed across APA&#39;s global portfolio over the past three years and introduces new artificial intelligence capabilities with Palantir&#39;s Artificial Intelligence Platform (AIP) software.

Contracts

PLTR

Palantir, APA Ink Multi-year, Multi-million-dollar Extension To Enterprise Agreement Originally Signed In 2021

Evercore ISI Group analyst Michael Lonegan initiates coverage on Portland Gen Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) with a Outperform rating and announces Price Target of $54.

Price Target

Initiation

Evercore ISI Group Initiates Coverage On Portland Gen Electric with Outperform Rating, Announces Price Target of $54

Vertex Energy, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VTNR#NASDAQ">VTNR</a>) shares are tumbling lower at a premarket on Wednesday.
On Tuesday, the company inked a Restructuring Support Agreement (RSA) with full backing from its term loan lenders and filed for Chapter 11 in the U.S. Bankruptcy <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b41016028/vertex-energy-and-its-lenders-initiate-formal-pathway-aimed-at-achieving-sustainable-capital-struc" rel="noreferrer noopener">Court for the Southern District of Texas</a>.
Notably, the company has filed customary first-day motions and plans to operate normally while pursuing a comprehensive restructuring strategy under the RSA.
To support this process, the Consenting Term Loan Lenders have agreed to provide $80 million in Debtor-In-Possession financing, subject to specific terms and conditions.
The company has also filed a Chapter 11 plan and bidding procedures, aiming to confirm its Chapter 11 plan by the end of the year.
Chief Restructuring Officer, Seth Bullock of Alvarez &amp; Marsal, said, &#8220;We have gained significant momentum with the partnership of Vertex&#8217;s lenders over the last several months and believe the restructuring support agreement and related milestones will allow the Company to initiate a fresh start and improve long-term value as it singularly concentrates on strengthening its foundation for continued growth and stability.&#8221;
As of June 30, 2024, Vertex Energy had total cash and cash equivalents of $18.9 million, including $0.1 million in restricted cash,<a target="_blank" href="https://www.benzinga.com//node/40245391" rel="noreferrer noopener"> resulting in a net debt position of $284.9 million.</a>
This month, Vertex Energy disclosed the departure of Doug Haugh as Chief Commercial Officer (CCO). Joshua Foster is the new CCO, while CEO Benjamin P. Cowart <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b40746784/vertex-energy-announces-management-transition" rel="noreferrer noopener">will serve as interim Chief Operating Officer</a>.
Price Action: VTNR shares are down 59.1% at $0.1475 premarket at the last check Wednesday.
Photo via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com//node/41015137" target="_blank" rel="noreferrer noopener">Progress Software Stock Jumps On Q3 Earnings: Revenue Beat, EPS Beat, Raised Guidance And More</a></li>
</ul>

Equities

Small Cap

Movers

VTNR

Vertex Energy Files For Chapter 11 Bankruptcy, Secures $80M Lifeline Financing

Evercore ISI Group analyst Durgesh Chopra initiates coverage on Archrock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AROC#NYSE">AROC</a>) with a Outperform rating and announces Price Target of $24.

AROC

Evercore ISI Group Initiates Coverage On Archrock with Outperform Rating, Announces Price Target of $24

JMP Securities analyst Steven Delaney maintains ACRES Commercial Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACR#NYSE">ACR</a>) with a Market Outperform and raises the price target from $16.5 to $17.5.

JMP Securities Maintains Market Outperform on ACRES Commercial Realty, Raises Price Target to $17.5

NASA and SpaceX on Tuesday postponed the <a href="https://www.benzinga.com/news/24/09/40850262/nasa-delays-crew-9-mission-yet-again-this-time-to-complete-prelaunch-preparations">Crew-9 mission to the International Space Station</a> (ISS) no earlier than Saturday, citing unfavorable weather forecast.
What Happened: SpaceX&#8217;s Falcon 9 rocket is now expected to launch the mission to ISS from Florida with Nick Hague and Aleksandr Gorbunov aboard the Dragon spacecraft no earlier than Sept. 28 at 1:17 p.m. EDT. The change in the timeline, NASA said, is due to tropical Storm Helene's expected unfavorable impact on weather conditions at the launch site on Thursday.
The Crew-9 mission will be NASA&#8217;s ninth crew rotation mission with SpaceX to the ISS under its Commercial Crew Program.&nbsp;The mission has undergone significant changes over the past few months.
Why It Matters: SpaceX‘s Crew Dragon spacecraft was initially scheduled to launch to the International Space Station (ISS) with four astronauts on&nbsp;<a href="https://www.benzinga.com/news/24/08/40217908/boeing-starliners-delay-in-returning-to-earth-forces-nasa-to-postpone-crew-9-mission-launch-to-iss" target="_blank" rel="noreferrer noopener">Aug. 18 as part of the Crew-9 mission.</a>
However, NASA first delayed it to Sept. 24 due to delays with the Boeing Starliner mission launched on June 5. Starliner and the two astronauts aboard the spacecraft –&nbsp;Sunita Williams&nbsp;and&nbsp;Butch Wilmore&nbsp;– were supposed to return in about eight days. However, technical issues identified with the spacecraft while docking delayed a return, and the space agency subsequently decided to scrap bringing back the two astronauts on the Starliner spacecraft.
The Starliner subsequently<a href="https://www.benzinga.com/news/24/09/40758526/boeing-starliner-returns-to-earth-without-sunita-williams-and-butch-wilmore-lands-in-new-mexico-afte" target="_blank" rel="noreferrer noopener">&nbsp;returned without the astronauts on Sept. 6</a>. Williams and Wilmore, who are currently at the station, will join Hague and Gorbunov on their return journey to Earth in February 2025.
NASA astronauts&nbsp;Zena Cardman&nbsp;and&nbsp;Stephanie Wilson, who were previously slated to fly on Crew 9 but were dropped to make space for Williams and Wilmore, will now be reassigned to a future mission, according to NASA. 
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
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<li><a href="https://www.benzinga.com/news/24/09/41019716/trump-pledges-100-tariffs-on-all-cars-made-in-mexico-the-only-way-theyll-get-rid-of-that-tariff-is">Trump Pledges 100% Tariffs On All Cars Made In Mexico: &#8216;The Only Way They&#8217;ll Get Rid Of That Tariff Is…&#8217;</a></li>
</ul>
Photo courtesy: NASA/SpaceX

SPACE

Tech

NASA And SpaceX Delay Crew-9 Mission To ISS Due To Tropical Helene Storm: Here's When It Is Expected To Launch Now

Macro Economic Events

Economics

China To Address AI's Impact, Expand Youth Employment Channels, Including College Graduates

China to Leverage State-Owned Enterprises and Expand Job Opportunities Across Sectors

China State Council To Prioritize High-Quality Employment in Economic Development

Evercore ISI Group analyst Jonathan Chappell downgrades Union Pacific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>) from Outperform to In-Line and lowers the price target from $254 to $247.

Downgrades

Evercore ISI Group Downgrades Union Pacific to In-Line, Lowers Price Target to $247

The Federal Trade Commission (FTC) has filed a complaint against Invitation Homes Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INVH#NYSE">INVH</a>), the largest U.S. landlord of single-family homes, for engaging in unfair and deceptive practices against renters.
These include misleading tenants about lease costs, charging hidden fees, neglecting home inspections, and withholding security deposits unfairly. The company has agreed to a $48 million settlement, which will be used to refund affected consumers.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40716722/multifamily-reits-set-for-revenue-boost-as-supply-pressures-ease-says-goldman-sachs" rel="noreferrer noopener">Multifamily REITs Set For Revenue Boost As Supply Pressures Ease, Says Goldman Sachs</a>.
According to FTC Chair Lina Khan, Invitation Homes <a target="_blank" href="https://www.ftc.gov/news-events/news/press-releases/2024/09/ftc-takes-action-against-invitation-homes-deceiving-renters-charging-junk-fees-withholding-security" rel="noreferrer noopener">exploited</a> tenants with various deceptive tactics, from hidden fees and unjustified security deposit withholdings to misleading eviction policies during the pandemic.
The FTC&#8217;s complaint highlighted several violations by Invitation Homes, including deceptive pricing practices.
The company advertised rental prices without disclosing mandatory fees that totaled more than $1,700 per year. These fees were for services like smart home technology and utility management, which renters could not opt out of.
Between 2021 and 2023, Invitation Homes charged renters tens of millions of dollars in these undisclosed fees.
The company also failed to honor promises of home inspections and emergency maintenance services. Over 33,000 properties had reported serious issues within the first week of tenants moving in, ranging from broken appliances to unclean conditions.
Despite claims of providing 24/7 emergency maintenance, renters often experienced delays in addressing urgent repairs, with some left in dangerous conditions.
Additionally, the report findings claim that Invitation Homes unfairly withheld security deposits, charging tenants for normal wear and tear or even damages that existed before they moved in.
In some cases, the company charged renters for all repairs, only reviewing the charges if residents disputed them, but often, renters struggled to reach anyone to resolve their complaints.
During the pandemic, Invitation Homes also employed unethical eviction practices. The company steered tenants away from the CDC&#8217;s eviction moratorium by promoting its document, which offered no eviction protection.
Furthermore, Invitation Homes initiated eviction proceedings against tenants who had already moved out, impacting their ability to rent in the future.
The settlement requires Invitation Homes to change its business practices, clearly disclose rental prices, and establish fair security deposit policies.
The agreement, pending approval from a federal judge, also mandates the destruction of consumer financial data collected before the settlement.
Price Action: INVH stock closed at $35.57 on Tuesday.
Read Next:
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<li><a href="https://www.benzinga.com/news/24/09/41012804/salesforces-free-cash-flow-could-double-by-2029-amid-ai-push-analyst-says-while-upgrading-stock" target="_blank" rel="noreferrer noopener">Salesforce&#8217;s Free Cash Flow Could Double by 2029 Amid AI Push, Analyst Says While Upgrading Stock</a>.</li>
</ul>
Image by Okan Caliskan via Pixabay

Large Cap

Legal

General

INVH

America's Largest Landlord Of Single-Family Homes Invitation Homes Faces FTC Fines For Alleged Unfair, Deceptive Practices

HC Wainwright &amp; Co. analyst Robert Burns maintains Zymeworks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZYME#NASDAQ">ZYME</a>) with a Neutral and raises the price target from $10 to $12.

ZYME

HC Wainwright & Co. Maintains Neutral on Zymeworks, Raises Price Target to $12

After<a href="https://www.benzinga.com/news/earnings/24/09/41018169/s-p-500-hits-fresh-record-high-amid-surge-in-nvidia-shares-investor-sentiment-improves-further-fear"> resiliently resisting selling pressure, </a>the market could be in for some weakness on Wednesday as traders position themselves defensively ahead of the key Main Street catalysts for the rest of the week. The index futures are modestly lower early Wednesday. Traders may not have much to look forward to in terms of data as merely the routine weekly mortgage application data and new homes sales report for August are due for the session.
It would be interesting to see if the week mortgage applications volume data will receive a boost from the recent pullback in mortgage rates ahead and amid the Fed rate cut. Micron Technology Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) earnings report is in the spotlight as traders strive to gauge artificial intelligence technology-related demand.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.20%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.09%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.05%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.03%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Wednesday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.07% to $570.92 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) moved down 0.19% to $484.46, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Session:
U.S. stocks ended Tuesday&#8217;s session higher yet again despite some nervous moments in early trading on the back of the September consumer confidence reading that unexpectedly fell. Following the data, Jamie Cox, Managing Partner at Harris Financial Group, said, &#8220;It&#8217;s never good to see consumer confidence fall this much.&#8221;
The strategist attributed the weak consumer confidence to concerns about the implications of the upcoming election, the increasing conflict around the world, and the stubbornly high cost of food and credit. The 50 basis-point Fed funds rate cut last week seemed more correct in light of these data, he added.
The major indices opened higher but reversed course after the data. After hitting a bottom in late-morning trading, the tech-heavy Nasdaq Composite and the broader S&amp;P 500 Index bounced back in a V-shaped recovery before moving sideways in the afternoon. Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) ended up nearly 4%, providing a shot in the arm the these two indices, and China&#8217;s stimulus measures also kept the risk-on mood intact.
The Nasdaq Composite ended at the 18K+ level for the first time since time since late-July. The S&amp;P 500 hit fresh intraday and closing highs.
Despite seeing volatility throughout the session, the 30-stock Dow Industrials Average also clocked new intraday and closing highs. 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>+0.56%</td>
<td>18,074.52</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+0.25%</td>
<td>5,732.93</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>+0.20%</td>
<td>42,208.22</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>+0.17%</td>
<td>2,223.99</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
With Sept. 22, the first day of autumn, now in the rearview mirror, the historically rough month for the market is nearly over, said LPL Financial Chief Technical Strategist Adam Turnquist. With less than five trading sessions remaining before October, stocks are on track to outperform historical averages for September, barring any major market-moving events, he said. 
The strategist noted that the S&amp;P 500 is up 1.2% month-to-date, compared to the average decline of 0.7% since 1950. The declines in the past four years are at 4.9%, 9.3%, 4.8%, and 3.9%, respectively.
This bodes well for the fourth quarter, Turnquist said. &#8220;Based on historical performance for the S&amp;P 500, strong performance and momentum in the first nine months of the year could signal more gains ahead,&#8221; he said. Over the last 75 years, the fourth quarter has generated negative returns only eight times when momentum was strong during the first three quarters, he said.
Even In four of those eight years, returns in October–December were only slightly lower, in the range of 0% and -1.5%, Turnquist said. The largest fourth-quarter decline after positive performance through September came in 1987, which includes the infamous "Black Monday" market crash on October 19, when the S&amp;P 500 famously shed over 20% in one day, he added.
Looking ahead, the analyst sees Fed policy decisions, a much-anticipated Presidential election, and third-quarter earnings as major market catalysts.
See also: <a href="https://www.benzinga.com/money/best-futures-trading-software">Best Futures Trading Software</a>
Upcoming Economic Data:
<ul>
<li>The Mortgage Bankers Association is due to announce its weekly mortgage application volume data at 7 a.m. EDT. In the week ended Sept. 13, mortgage applications volume climbed 14.2% week-over-week on a seasonally adjusted basis. The spike came as the 30-year fixed mortgage rate was 6.15%, the lowest since Sept. 2022.</li>
<li>The Commerce Department is scheduled to release its August new home sales report at 10 a.m. EDT. The consensus estimate calls for a seasonally adjusted annual rate of 700,000, down from the 739,000 rate in July.</li>
<li>The Energy Information Administration will release its weekly petroleum status report at 10:30 a.m. EDT.</li>
<li>The Treasury will auction five-year notes at 1 p.m. EDT.</li>
<li>Federal Reserve Governor Adriana Kugler is scheduled to speak at 4 p.m. EDT.</li>
</ul>
Stocks In Focus:
<ul>
<li>Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) rose about 7% <a href="https://www.benzinga.com/premarket">in premarket trading</a>, tacking on to Tuesday&#8217;s gains, after the initial public offering lock-up period for insiders expired. </li>
<li>Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) shares could be in the spotlight as the two-day Meta Connect technology-focused event gets underway on Wednesday.</li>
<li>Cintas Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTAS#NASDAQ">CTAS</a>) is due to <a href="https://www.benzinga.com/calendars/earnings">announce its financial results before the market opens, </a>while H.B. Fuller Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUL#NYSE">FUL</a>), Micron, Jefferies Financial Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JEF#NYSE">JEF</a>) and Worthington Enterprises, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOR#NYSE">WOR</a>) are among those reporting after the close.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures moved lower but held above the $71-a-barrel level, while gold futures continued to shine in record territory. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) was once again flattish around the $63.5K level. The 10-year Treasury note climbed 1.7 points to 3.753%.
The major Asian markets traded on a mixed note, with China, Hong Kong and Taiwan extending their gains amid continued optimism over the stimulus measures announced by the People&#8217;s Bank of China this week. Most others settled lower. European stocks weakened in early trading on Wednesday.
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</ul>
Image Via Shutterstock

Earnings

Futures

Previews

Federal Reserve

Pre-Market Outlook

Markets

$BTC

CTAS

NVDA

US Stocks May Stall After S&P 500 Hits Another Record; Micron Earnings, Meta Connect On Traders' Radar: Why This Strategist Is Optimistic About Q4

B of A Securities analyst Nathaniel Richam-Odoi initiates coverage on SLM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLM#NASDAQ">SLM</a>) with a Buy rating and announces Price Target of $27.

B of A Securities Initiates Coverage On SLM with Buy Rating, Announces Price Target of $27

Guidance

Target Hospitality Stated That It Will Continue To Focus On Allocating Capital To High Return Initiatives, Including In-organic Growth and Reaffirmed Its 2024 Guidance Outlook

Target Hospitality Announced That Its Board Of Directors Has Decided To Disband The Special Committee, Which Was Formed Solely Of Independent Directors

HC Wainwright &amp; Co. analyst Edward White maintains Valneva (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VALN#NASDAQ">VALN</a>) with a Buy and lowers the price target from $26 to $23.

VALN

HC Wainwright & Co. Maintains Buy on Valneva, Lowers Price Target to $23

Biotech

Health Care

Over 80% Of Adults And Adolescents With Moderate-to-severe Atopic Dermatitis Who Responded To Eli Lilly's Ebglyss Treatment At Week 16 In ADvocate 1 And 2 Monotherapy Trials And Continued Treatment For Up To Three Years Experienced Sustained Skin Clearance With Monthly Maintenance Dosing

On Wednesday, ICT products and solutions provider FS announced its latest 400G and 800G Ethernet switches, powered by Broadcom Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) Tomahawk 5 chipset, for the <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b41017541/fs-unveils-51-2t-400g-and-800g-ai-ethernet-switches-powered-by-broadcom-tomahawk-5" rel="noreferrer noopener">large AI clusters</a>.
The switches are ideal for AI, big data, high-performance computing (HPC), and distributed storage.
FS introduced 400G and 800G&nbsp;AI switches&nbsp;with RoCE protocol support to handle large data volumes with low latency and high throughput.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40852011/broadcom-eyes-12b-in-ai-chip-revenue-for-2024-hyperscaler-spending-surge-goldman-sa" rel="noreferrer noopener">Broadcom Eyes $12B in AI Chip Revenue for 2024, Hyperscaler Spending Surge: Goldman Sachs</a>
Broadcom stock has risen 110% in the last 12 months as it capitalized on the AI shift.
According to JPMorgan, Broadcom&#8217;s AI business, which includes custom ASICs and networking solutions, will likely note a <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40750949/broadcom-analysts-lifts-ai-revenue-forecast-to-12b-on-potential-strong-demand-from-" rel="noreferrer noopener">compound annual growth rate</a> of 30%-40% over the next four to five years.
JPMorgan analyst Harlan Sur projected upside from higher demand for AI networking products and 3nm AI ASICs from hyperscalars like Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) and Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>).
Also, <a target="_blank" href="https://www.benzinga.com/news/24/09/40986800/broadcom-unveils-next-gen-sian-2-dsp-for-high-performance-ai-data-centers" rel="noreferrer noopener">earlier this week</a>, Broadcom launched Sian 2 digital signal processing&nbsp;(DSP)&nbsp;for high-performance AI data centers.
Investors can gain exposure to Broadcom through SPDR Select Sector Fund &#8211; Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) and iShares Russell 1000 Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWF#NYSE">IWF</a>).
Price Action: AVGO stock is down 1.06% at $172.98 premarket at the last check Wednesday.
Also Read:
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<li><a href="https://www.benzinga.com/government/24/09/40938590/whats-going-on-with-ai-related-stocks-nvidia-amd-broadcom-and-super-micro-on-thursday" target="_blank" rel="noreferrer noopener">AI-Driven Chipmakers Like Nvidia and Broadcom Rally After Fed&#8217;s Interest Rate Slash</a></li>
</ul>
Photo by Dennis Diatel via Shutterstock

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Top Stock Ideas Sent Daily — Join and Gain Your Edge

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Vanguard U.S. Multifactor ETF

Overview

Vanguard U.S. Multifactor ETF (BATS:VFMF), Quote.Headers.trade-ideas