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How we invest today drives tomorrow’s innovations. Through conversations with investors and entrepreneurs, explore how investment decisions have the potential to improve our lives in unexpected ways. Powered by the network of Cambridge Associates, host Hillary Ribaudo explores the investments being made that will redefine our future. Join us to uncover the Unseen Upside.
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On this episode of Stock Movers:
- Broadcom (AVGO) is rising afterhours. The company gave a strong revenue forecast for the current quarter, signaling that demand for AI data center equipment is fueling growth. The company said sales will be about $19.1 billion in the fiscal first quarter, and Chief Executive Officer Hock Tan expects AI semiconductor revenue to double year-over-year to $8.2 billion.
- Lululemon (LULU) shares jumped in postmarket trading. The company raised its full-year outlook, and said Chief Executive Officer Calvin McDonald is stepping down as the company looks to reignite growth amid pressure from competition.
- Oracle (ORCL) sank 10% today. The company forecast 3Q cloud sales growth below analyst estimates, raising concerns that supply constraints are preventing the cloud infrastructure provider from converting its large backlog to actual revenues.
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