Nasdaq-100 Falls ~1.3%, 7x Short DLC Gains ~9%; Broadcom Earnings Due 2 Sep

U.S. technology stocks mostly declined on Tuesday (1 September) amid a global bond sell-off, geopolitical tensions and renewed inflation concerns.

Among DLC-covered underlyings, memory stocks $Micron Technology(MU)$ and $SanDisk Corp.(SNDK)$ fell 2.6% and 1.9%, respectively.

The moves lifted the Micron 3x Short DLC (1J9W) by about 7.8% and the Sandisk 3x Short DLC (NNSW) by about 5.7%, with the Micron 3x Long (VV9W) and Sandisk 3x Long (ZIPW) DLCs declining a similar magnitude respectively.

The broad decline dragged the $NASDAQ 100(NDX)$ 1.29% lower. Amplifying the move, the Nasdaq 7x Short DLC (FFIW) surged around 9%, with the Nasdaq 7x Long DLC (MFVW) declining by approximately the same magnitude.

Key events on the market calendar include $Broadcom(AVGO)$ ’s earnings release after the U.S. market close on Wednesday (2 September), followed by U.S. jobs data on Friday (4 September).

SGX-listed Long and Short U.S. DLCs, including the newly launched 5x DLCs on the Magnificent 7 stocks, track overnight price movements in selected U.S. stocks and indices during SGX market hours.

They allow investors to express bullish or bearish views by gaining leveraged or inverse exposure to market-moving events, including earnings releases, that occur outside regular U.S. trading hours.

View the full list of DLC on dlc.socgen.com

This advertisement has not been reviewed by the Monetary Authority of Singapore. This advertisement is distributed by Société Générale, Singapore Branch. This advertisement does not form part of any offer or invitation to buy or sell any daily leverage certificates (the “DLCs”), and nothing herein should be considered as financial advice or recommendation. The price may rise and fall in value rapidly and holders may lose all of their investment. Any past performance is not indicative of future performance. Investments in DLCs carry significant risks, please see dlc.socgen.com for further information and relevant risks. The DLCs are for specified investment products (SIP) qualified investors only.

Broadcom Pitches a $230B 2028 Target — Why Is the Market Only Paying for Next Quarter?

Broadcom fell 2.74% on 2.35x volume, ~28% below its high, despite record revenue of $29.6bn, +86% YoY. Hock Tan set an FY2028 AI revenue target of $230bn, ~4x this year's — selling 2028 while the market pays for next quarter, which guided light. Macquarie upgraded at $490 on Anthropic's ramp; BofA cut its target while raising estimates — higher profits at a lower multiple. Peers held: Marvell +1.14%, Nvidia +1.80%. Bulls anchor on lock-in through 2028; bears on the discount rate: distant revenue is worth less until rates peak. Reprice on the $230bn roadmap, or wait for guidance to catch up?

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Nasdaq-100 Falls ~1.3%, 7x Short DLC Gains ~9%; Broadcom Earnings Due 2 Sep

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