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💻 Broadcom rose 9.41% after the custom chipmaker beat expectations with record-setting revenue in Q3, 22% higher than a year earlier. But the even bigger bombshell came when CEO Hock Tan announced a new $10 billion order from a mystery client, which was soon leaked to be OpenAI. This power couple plans to ship their first artificial-intellience accelerator chips in 2026, which could give alpha dog Nvidia a run for its money. Tan also revealed that he’ll stay in his role until “at least” 2030, a sign that everyone’s happy with how he’s positioned Broadcom as a rising power in the AI trade.
- EPS: $1.69, exceeding estimates of $1.65
- Revenue: $15.96 billion, higher than the anticipated $15.83 billion
🧘 Lululemon dropped downward dog-style, sinking 18.58% after the athleisure company reported a 4% decline in US same-store sales, followed by a full-year outlook that looks far worse than expected. Part of the problem was tariffs combined with the end of the de minimis exemption, which previously allowed Lulu to squeeze smaller shipments into the country levy-free. The other problem is coming from inside its own headquarters: Despite the brand’s holier-than-thou emphasis on fitness, Lulu has gotten lazy with its apparel line. “We have become too predictable within our casual offerings and missed opportunities to create new trends,” admitted CEO Calvin McDonald, adding that the company plans to ramp up new styles from 23% to 35% of its lineup next spring.
- EPS: $3.10, higher than the anticipated $2.88
- Revenue: $2.53 billion, a near miss on forecasts of $2.54 billion
📝 Docusign jumped 4.75% after the electronic signature company boosted its outlook for the year amid plans to ramp up its AI offerings for a broader swath of clientele. The firm’s signature tool, Intelligent Agreement Management, was launched last year to help summarize and analyze legal documents for smaller customers. The application has seen strong adoption this year, so the company is now upgrading the tool so it can handle the more complex needs of bigger clients (think Walmart, Toyota, and JPMorgan Chase). After all, doesn’t everyone need a friendly chatbot to help them slog through contracts?—JD
- EPS: $0.92, higher than the anticipated $0.85
- Revenue: $800.6 million, better than analyst estimates of $780.9 million