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Broadcom Drops, CrowdStrike Falls, Five Below Tumbles After Beat as Retailer Frets Over Consumer
Published 2 weeks, 3 days ago
Description
On this episode of Stock Movers:
- Broadcom (AVGO) shares fall after the chipmaker gave an outlook that was seen as underwhelming given the industry’s AI-related demand.
- CrowdStrike (CRWD) shares fall after the security software company reported first-quarter results beat, which wasn’t strong enough to lift the stock that has more than doubled from a March low.
- Five Below (FIVE) shares fall after the retailer reported results, and while the quarter was a “standout,” the growth rate might be peaking, according to Jefferies.
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