Broadcom's 48% revenue growth and $10.8B in AI chip sales weren't enough to satisfy a market that had priced in perfection ahead of Q2 earnings.

Broadcom stock surged 5-6% on AI momentum, with Q2 AI revenue hitting $10.8B. Tokenized AVGO products on Ondo and Backed Finance bridge crypto and equities.

U.S. stocks rose sharply, led by chipmakers like Broadcom on AI-driven optimism and a strong earnings outlook. Microsoft fell after announcing job cuts, while investors remained…