Market Movements: Broadcom's Rise and Lululemon's Decline

On this episode of Stock Movers:

- Strategy (MSTR) shares rose as Crypto-linked stocks rose with Bitcoin and Ether prices as broader markets gain on hopes that US jobs data on would increase the chances of a Federal Reserve interest rate cut later this month.

- Broadcom (AVGO) shares rose after the company announced they would be helping OpenAI design and produce an artificial intelligence accelerator from 2026, getting into a lucrative sphere dominated by Nvidia Corp.

- Lululemon (LULU) shares tumble after the company slashed its outlook due to weakening demand and the Trump administration's tougher trade policies. The retailer warned it will take a $240 million hit from President Donald Trump's decision to end the de minimis exemption and now projects lower sales for the third quarter.

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