Broadcom Rises After Strong AI Revenue; Kroger Offers Cautious Forecast; Trade Desk Shares Jump
Description
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Broadcom (AVGO) shares rise as much as 7.5% in premarket trading on Thursday after the chipmaker posted first-quarter results that beat expectations on key metrics and gave a positive revenue outlook. Analysts are especially encouraged by its AI-related revenue.
- Kroger (KR) offered a soft forecast for the full year as the largest US supermarket operator seeks to stabilize operations under its new top boss. The company said it expects comparable sales, without fuel, to increase between 1% and 2%, falling short of what Wall Street analysts were expecting.
- Trade Desk (TTD) shares jump after The Information reported that the company held talks to help OpenAI sells ads.
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