Broadcom and HPE Fall; Snowflake Surge
from Stock Movers Hosted by iHeartPodcasts
Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Broadcom (AVGO) shares are lower this morning, despite the company predicting a boom in artificial intelligence chip sales over the next two years, helping renew optimism that it can challenge Nvidia Corp.’s dominance in the lucrative market. - HPE (HPE) is sliding after reporting increasing sales that didn’t meet high expectations from investors. - Snowflake (SNOW) jumped this morning after it raised its outlook for annual sales, topping analysts' estimates, and reported rapid adoption of its AI-assisted coding tool. The company said more than 2,000 customer accounts started using its coding assistant called CoCo during the quarter, bringing the total to 9,100. - Five Below (FIVE) is higher after the retailer lifted its full-year outlook, citing the addition of new stores and the popularity of its budget-friendly merchandise among Gen Alpha and Gen Z shoppers.
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