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Broadcom issued a stronger-than-expected fiscal 2027 outlook while highlighting expanding business with artificial intelligence laboratories through custom chip partnerships with major tech companies.
Lululemon shares fell 20% in premarket trading after the apparel retailer reported declining revenue and comparable sales, along with a reduced full-year outlook.
Taiwan Semiconductor Manufacturing Co. reported record August revenue of $16.35 billion, up 53.3% year-over-year, driven by strong demand for AI chips.
Macy’s reported fiscal second quarter comparable sales growth of 2.7% and raised full-year guidance, with its Bloomingdale’s division jumping 11.3% as the retailer’s turnaround strategy gains momentum.
Oracle shares rose 4% in extended trading after the software company reported fiscal first-quarter earnings that exceeded expectations, driven by more than doubling cloud infrastructure revenue.
On Holding shares rose 7.58 percent to $29.39 following an announcement of a $1 billion buyback program and raised growth guidance through 2029.
