XPND Volume Surges 37-Fold on Broadcom AI Momentum

First Trust Expanded Technology ETF (XPND) has seen unusual trading volume, which is 37× higher than its average daily volume.

The ETF’s top holding Broadcom (AVGO) has been in focus after securing a long‑term AI chip supply deal with Alphabet’s Google and expanding its collaboration with Anthropic, prompting UBS to reiterate a Buy rating and lift long‑term revenue and AI estimates. Another major semiconductor stake, Lam Research (LRCX), is drawing attention as multiple analysts reaffirm Strong Buy views and raise price targets, pointing to optimism around AI‑driven chip demand. Among the ETF’s mega‑cap tech and communication names, Netflix (NFLX) is seeing a flurry of bullish analyst calls and target hikes ahead of its upcoming Q1 2026 earnings, while Nvidia (NVDA) has surged on the launch of its open‑source Ising quantum AI models, and Cisco (CSCO), Alphabet (GOOGL), Apple (AAPL), and Meta (META) are all supported by positive analyst commentary and AI‑related growth initiatives and acquisitions.