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Broadcom CDR (CAD Hedged)
Symbol AVGO
Shares Issued 40,550,000
Close 2026-09-02 C$ 14.04
Market Cap C$ 569,322,000
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Globe/wire say Micron, others make gains on Wednesday

2026-09-03 08:22 ET - In the News

See In the News (C-MU) Micron CDR (CAD Hedged)

The Globe and Mail reports in its Thursday edition that United States stocks rose on Wednesday, rebounding from a three-day losing streak as investors looked for deals in potentially oversold sectors. A Reuters dispatch to The Globe reports that all three major U.S. stock indexes advanced, with the small-cap Russell 2000 outperforming its larger-cap peers, rising 1.1 per cent. Airlines, gold and silver miners, and regional banks were the frontrunners, while software and services, seen as potential victims of artificial intelligence disruption, underperformed. The Philadelphia SE Semiconductor Index, which has powered the stock market's gains this year but has lost nearly one-fourth of its value since late June, was on the rise, with chipmaker Broadcom delivering second quarter results after the bell. Nvidia, at the forefront of the AI wave, rose 3.2 per cent, while Micron and Qualcomm gained 2.4 per cent and 2 per cent. Founders 101 ETF's Lauren Cassidy says: "The war is continuing longer than anyone hoped, and when it ends, energy will cool and inflation won't be as much of an issue. At the same time, we just had a record earnings season, with wonderful fundamentals being driven by the accelerating adoption of AI."

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