Broadcom Slides on Disappointing AI Outlook, CrowdStrike Falls, Petco Drops
Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Broadcom (AVGO) shares plunged by the most in more than 16 months after the company’s forecast for sales of its artificial intelligence chips disappointed investors. Though the company is making headway in pivoting to AI customers, it’s up against outsized investor expectations. Broadcom had added roughly $270 billion in market value over the five trading sessions before the earnings report, fueled by AI optimism. - Lululemon (LULU) lowered its annual forecast, underscoring the challenge…
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