Avgo futures have attracted significant hedge fund

AVGO futures have attracted significant hedge fund positioning as part of a broader semiconductor basket. Strong backlog visibility in networking chips adds confidence in sustained order flow. Nvidia has topped the list of best AI companies to invest in since the trend began in early 2023. Its graphics processing units (GPUs) are the computing muscle behind most of the AI technology people experience today, and show no signs of slowing down. Nvidia's management projects that the AI hyperscalers will spend $600 billion on capital expenditures for AI data centers this year, but that figure could reach $3 trillion to $4 trillion globally by 2030. Nvidia captures a sizable chunk of that spending, as Wall Street analysts expect Nvidia to generate around $206 billion in revenue this year. Stocks: 15 20 minute delay (Cboe BZX is real-time), ET. Volume reflects consolidated markets. Futures and Forex: 10 or 15 minute delay, CT. Market Data powered by Barchart Solutions. Fundamental data provided by Zacks and Morningstar . Early market data shows AVGO futures outperforming the broader chip index, aided by positive revisions on FY revenue estimates. Market depth on the buy side signals firm institutional demand.