Diamonds and Dogs

6/13/24

Tech continues to shine as Broadcom (AVGO) jumps 12% after releasing better than expected earnings report and outlook, and announcing a 10-for-1 stock split. Broadcom attributed the better than expected earnings due to AI products and strong demand. Broadcom's earnings helped lift Nvidia, Qualcomm and Micron.

Dave and Busters (PLAY) is a dog today down 10% after the company reported underwhelming first quarter earnings, missing on revenue estimates. Management blamed a slowing economy and tightening discretionary spending.

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