Lululemon (LULU) stretches higher. The athletic apparel company is up 10% on better than expected earnings as business expands overseas. Sales rose 7% to $2.57 billion. Lululemon also announced that CEO Calvin McDonald will step down at the end of January. Telsey Advisory Group upgraded the stock with a $215 price target.

More profit-taking in the AI space. Broadcom (AVGO) is lower by 11% even as earnings beat expectations,  revenues rose 28% to $18.02 billion. Broadcom also provided upside guidance, but investors were unimpressed.  Oracle is down 5% as they delay some of their AI expansion plans. Nvidia is down over 2%.

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