Stubhub Slumps, Victoria's Secret Drops, Broadcom Rises on Projected AI Chip Sales
Description
On this episode of Stock Movers:
- Stubhub (STUB) shares slumps after the ticket reseller’s 2026 forecast and fourth-quarter results came in below Wall Street’s expectations.
- Victoria's Secret (VSCO) shares drop despite the lingerie retailer’s fourth quarter results that topped consensus expectations. Most guidance metrics for both the first quarter and full year were above sell-side estimates. The free cash flow projection is below.
- Broadcom (AVGO) shares rise after CEO Hock Tan said the company expects its AI chip sales to top $100 billion next year. Broadcom also delivered a better-than-estimated quarterly outlook and announced a stock buyback plan worth as much as $10 billion.
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