Individual Stock News
1. Broadcom (AVGO.O) reported Q4 fiscal year 2025 revenue of $18.01 billion, compared to $14.05 billion in the same period last year. The company's Q1 revenue outlook for next year is $19.1 billion. The company's gross profit margin for the first fiscal quarter will contract by 1% due to AI products. It expects AI chip sales to reach at least $73 billion over the next six quarters.
2. Google (GOOG.O): Announced a new collaboration with the UK's National Quantum Computing Centre.
3. Lululemon (LULU.O) expects fourth-quarter revenue of $3.5 billion to $3.59 billion. The CEO announced he will step down on January 31st.
4. Robo-advisor unicorn Wealthfront debuts on Nasdaq tonight, priced at $14 per share.
5. According to The Information, Nvidia (NVDA.O) will hold a closed-door summit next week to address the power shortage bottleneck facing AI development.
6. Costco (COST.O) reported an 8.2% increase in revenue to $67.31 billion in its last fiscal quarter, exceeding Wall Street expectations.
7. Coinbase (COIN.O) is reportedly planning to announce the launch of prediction markets and tokenized stocks next week.
8. Broadcom (AVGO.O) reportedly does not expect OpenAI to generate significant revenue in 2026.
9. Uber (UBER.N) expects to offer self-driving taxi services in more than a dozen markets by the end of next year, and the company is discussing rules for its self-driving service with regulators.
10. Reddit (RDDT.N) filed a lawsuit in an Australian court challenging a social media ban that it believes applies incorrectly to Reddit.
