Broadcom Tumbles; Lululemon Rallies; Cannabis Stocks Soar On this episode of Stock Movers:
Dec 12, 2025
Broadcom's sales outlook has investors skittish after disappointing news about its massive $73 billion AI backlog. Lululemon, on the other hand, is riding high with increased earnings guidance and a major stock buyback, despite facing leadership changes. Meanwhile, cannabis stocks are soaring on the heels of potential rescheduling discussions, which could ease federal restrictions. The hosts dive into the implications of these developments for the market.
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Backlog Didn't Satisfy AI Hopes
Broadcom reported a $73 billion AI product backlog to be shipped over six quarters, which disappointed investors expecting clearer AI revenue guidance.
Lisa Mateo noted the CEO only called that backlog a “minimum” and gave no 2026 AI revenue forecast, fueling the selloff.
insights INSIGHT
Lululemon Gets Reset Amid Leadership Change
Lululemon raised full-year EPS guidance and added $1 billion to its buyback while announcing CEO Calvin McDonald will depart.
Lisa Mateo highlighted that profit and comparable sales beat estimates, driven by international growth despite U.S. revenue weakness.
insights INSIGHT
New CEO Seen As Chance To Reset
Analysts view the executive change at Lululemon as overdue and a chance for strategic reset.
Paul Sweeney and Lisa Mateo said new management could address pricing, fashion and execution challenges.
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On this episode of Stock Movers: - Shares of Broadcom (AVGO) tumbled in premarket trading after its sales outlook for the red-hot market failed to meet investors’ lofty expectations. The shares fell about 5% in premarket trading on Friday, following unsettling commentary from Chief Executive Officer Hock Tan on a conference call with analysts. He said the company has a backlog of $73 billion in AI product orders that will be shipped over the next six quarters — a number that disappointed some investors. But Tan sought to clarify that the figure was a “minimum.” - Shares of Lululemon Athletica (LULU) rallied ahead of the US market open after the athleisure purveyor boosted its full-year earnings-per-share guidance, called early holiday performance encouraging, and announced a $1 billion increase to its stock buyback program. Lululemon’s fiscal third-quarter report had several positive nuggets for investors after a tough year. Profit and comparable sales beat analyst expectations in the quarter, driven by growth in international markets. Revenue in the US slipped 3% on a constant-currency basis. The company is also searching for a replacement for CEO Calvin McDonald, who will depart the top post at the end of January. - Shares of Tilray (TLRY) and other cannabis brands soared in the early trading session as President Trump is expected to direct his administration to move to reclassify marijuana as a less dangerous drug, according to people familiar with the matter, a move that could represent one of the biggest shifts in US policy toward cannabis in decades. Trump has discussed the idea with marijuana industry executives, Health and Human Services Secretary Robert F. Kennedy Jr. and Centers for Medicare & Medicaid Services Administrator Mehmet Oz, the people said. A White House official said no final decisions have been made on rescheduling.
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