Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: The Stock Movers report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 1: I'm Carol Masser along with Tim Stanovich. Let's get to
Speaker 1: some stocks on the move with us. Is Bloomberg News
Speaker 1: Equities reporter Jordan Fitzgerald here in studio. Let's talk about
Speaker 1: Broadcom definitely moving in the aftermarket.
Speaker 3: Hi, Carol, Hi, Tim. Broadcom did report results after market
Speaker 3: shares last time I checked when I was back at
Speaker 3: my desk, up about three percent. Fourth quarter revenue beat,
Speaker 3: and they expect another beat in the first quarter. And
Speaker 3: I found this the most interesting. They expect AI semiconductor
Speaker 3: revenue two double year overyear reaching eight point two billion dollars.
Speaker 2: Yeah.
Speaker 1: We talked with an analyst who said that's not a
Speaker 1: new estimate, but said it was interesting to have them reiterated,
Speaker 1: confirm it exactly stick to it.
Speaker 3: So it's a big deal exactly, And especially after earnings
Speaker 3: from Oracle yesterday, people maybe weren't feeling the most confident
Speaker 3: about what else was going to come from the AI
Speaker 3: chip space, and so it was reassuring to see a
Speaker 3: beat from Broadcom.
Speaker 2: Well, not necessarily earnings related, but still the company reporting
Speaker 2: earnings Lululemon ticker Lulu.
Speaker 1: To the episode Wilson. That would have been so smart.
Speaker 2: The transition for maybe Tomorrow.
Speaker 3: That's good. Uh yes, I mean, if you ask me,
Speaker 3: anecdotally private citizen, if I expected Lulu to beat I,
Speaker 3: I do see them doing well. I mean I was
Speaker 3: at the Mullan Black Friday, Short Hills, moll in Short Hills,
Speaker 3: New Jersey. I know you both know it packed.
Speaker 1: Carol's nodding packed.
Speaker 3: Really yeah, I was Lulu packed, Lulu packed, line out
Speaker 3: the door. I ditched my brother there. I was like,
Speaker 3: I'm not doing this, so yeah, I.
Speaker 2: Stop l U l U.
Speaker 1: It's up like twelve.
Speaker 3: Percent last I checked, okay, and I think a lot
Speaker 3: of that does come from the fact that they did
Speaker 3: boost their full year EPs forecast, but also they said
Speaker 3: that they're ousting their CEO, and I think for a
Speaker 3: company that really has stalled over the past few years, yeah,
Speaker 3: that really just like in views it with a burst
Speaker 3: of optimism.
Speaker 2: This is going to be a big story, especially because
Speaker 2: they don't have a successor lined up at this point.
Speaker 3: And I think people will be watching to see who
Speaker 3: they take to fill that slot. If they a competitor
Speaker 3: leaves to help take the helm of lu Lemon. They're
Speaker 3: also buying back a billion dollars worth of shares, so
Speaker 3: they are reinvesting back into the company.
Speaker 2: Okay, finally Oracle Oracle.
Speaker 3: Yes, like I brought up with Broadcom, Oracle did disappoint
Speaker 3: investors last night. Shares closed down about ten percent. They
Speaker 3: had their worst day since January, which not really how
Speaker 3: you want to end the year. But I think it's
Speaker 3: important to remember that. You know, if we flash back
Speaker 3: to last quarter, a lot wright a lot warmer outside
Speaker 3: and also Oracle closed up thirty six percent after earnings,
Speaker 3: Larry Ellison Brief became the richest person on earth, ousting
Speaker 3: Elon Musk from that spot for a moment, and that
Speaker 3: was going to be hard to follow up. And so
Speaker 3: when Oracle came out with its report last night and
Speaker 3: it kind of showed that they're spending on AI is
Speaker 3: not exactly corresponding to an equal boost and cloud revenue,
Speaker 3: that really spooked some investors.
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