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 fell in extended trading after the company delivered a disappointing forecast for artificial intelligence chip revenue, signaling it’s efforts to gain ground in the burgeoning industry are going more slowly than anticipated. AI semiconductor revenue will be $16 billion in the fiscal third quarter, which runs through July, the company said in a statement Wednesday. Analysts predicted $17.2 billion on average, according to data compiled by Bloomberg.- CrowdStrike (CRWD) shares…
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