Broadcom is having its own Nvidia moment as shares rise 20% on week

• Broadcom could be the next company to join the trillion dollar club.
• Wednesday’s earnings release showed another beat-and-raise announcement that has become commonplace.
• Markets consolidate on Friday after week’s CPI-led fireworks.
• Michigan Consumer Sentiment drains, sending NASDAQ lower.

Broadcom (AVGO) stock exploded 12% on Thursday, quite a feat for a company already valued at more than half a trillion dollars. In total, AVGO has gained more than 20% this week, putting it ever closer to the $1 trillion club.