Stock Movers Broadcom Slides, Lululemon Gains, Citigroup Rises on Boeing Call
Dec 12, 2025
Denitza Sokova, a Bloomberg reporter specializing in market-moving news, shares insights on various stocks. She reveals Broadcom's $73 billion AI backlog, which disappointed investors despite being termed a 'minimum' number. Lululemon sees a surge in shares after raising its outlook and announcing CEO Calvin McDonald's upcoming departure. Meanwhile, Citigroup's shares rise, backed by bullish comments on Boeing's management changes. Denitza's analysis provides a fascinating glimpse into the shifting dynamics of these major companies.
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Backlog Alone Didn’t Calm Investors
- Broadcom reported a $73 billion AI product backlog that investors saw as a disappointing "minimum" rather than a bullish signal.
- The lack of a clear AI revenue forecast for 2026 and a vague timetable triggered an 11% share drop despite strong sales.
Strong Sales, Weak Outlook Reaction
- Broadcom posted about $19 billion in sales, beating expectations, but market focus on AI payoff magnified punishment for any outlook uncertainty.
- In AI-driven stocks, even strong current results can be overshadowed by unclear future revenue paths.
Leadership Change Spurs Rally
- Lululemon shares surged after it raised its full-year outlook and announced CEO Calvin McDonald will step down.
- The market cheered better-than-expected profit and comparable sales and the prospect of new leadership to revive the brand.