Stocks Making Significant Premarket Moves: Broadcom, Micron, Petco, Coinbase Among Others
Broadcom shares fell sharply in premarket trading due to revenue misses and a lackluster infrastructure performance. Other semiconductor stocks like Micron Technology also declined following the results. Retailers Five Below and Petco dropped despite better-than-expected outlooks from Five Below and weaker guidance from Petco. Crypto-related companies Robinhood, Coinbase, and Strategy fell alongside Bitcoin's decline.
Tickers: $AMD $AVGO $COIN $CRWD $FIVE $FTNT $HOOD $INTC $MSTR $MU $PANW $PETS $SMCI
Topics: Cybersecurity Earnings reports Retail Semiconductors Stock price movements