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Broadcom Seeking $60B; Ross Stores Shares Rise; BJ's Boosts Forecast
Description
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Broadcom (AVGO) is in talks with a group of lenders to raise more than $60 billion in debt for an AI chip financing deal that will benefit Anthropic PBC and other companies, according to people with knowledge of the matter.
- Ross Stores (ROST) shares climb after the off-price retailer boosted its earnings per share forecast for the full year. The company said it saw strength throughout the second quarter, with comparable store sales growth supported by “both an increase in new customers and higher engagement from existing customers.”
- BJ's Wholesale (BJ) boosted its adjusted earnings per share guidance for the full year; the guidance beat the average analyst estimate.
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