Why Broadcom stock is tumbling after an earnings beat — and how to play the dip
The investment thesis for Broadcom is intact: AI revenues are strong, non-AI semi sales are bottoming and the VMWare integration is exceeding all expectations.
Broadcom says it will sell $12 billion in AI parts and custom chips this year
Broadcom CEO Hock Tan said in a statement that the company expects to record $12 billion in sales from AI parts and custom chips in...
Volvo Cars cuts margin and revenue aims after ditching electric vehicle target
The Swedish automaker is trimming its earnings margin goal for 2026 due to "increased complexity especially in relation to global trade and tariffs."
Dollar Tree shares slide after discounter cuts full-year forecast
Dollar stores, in particular, have felt pinched as their core customer make tradeoffs after a prolonged period of pricier food and everyday costs.
Dick’s Sporting Goods blows past earnings estimates but issues cautious guidance ahead of 2024 election
Theft at Dick's Sporting Goods had previously impacted its profits but the company now appears to be past those issues.
Klarna rival Zilch posts first profit and appoints ex-Aviva CEO to board ahead of IPO
Philip Belamant, Zilch's CEO, told CNBC the firm was able to hit profitability by growing rather than cutting back like other fintechs have done.
MongoDB shares surge 12% on guidance boost
MongoDB delivered stronger results than analysts had been looking for, partly because of better cloud consumption activity than expected.
Lululemon cuts guidance, misses sales estimates after botched product launch
Lululemon's growth in its largest market, the Americas, has slowed from the highs it saw last year as it contends with product rollout challenges.
Ulta misses Wall Street expectations, trims guidance after quarterly sales decline
Comparable sales for the second quarter fell 1.2%, compared to an 8% increase a year earlier.