News

Adobe beat Wall Street estimates and raised its full-year outlook, but investors focused on the departure of finance chief Dan Durn

Today, June 11, 2026, investors weigh surging AI build-out costs against rapid cloud growth and resilient Wall Street optimism.

Adobe’s CFO, Dan Durn, quits to join Marvell Technologies.

FuelCell Energy stock plunged after weaker-than-expected earnings and revenue overshadowed a 267% surge in its AI-driven project pipeline.

Shares of Oracle (NYSE:ORCL) are down 10% to $182.25 in early trading Thursday, following the company’s Q4 FY2026 earnings report released after the bell Wednesday. The slide is dragging on cloud and enterprise software names, with Salesforce (NYSE:CRM) stock down 1.28% to $168.80 and trading near its 52-week lows. Oracle stock closed at $201.26 Wednesday, ... Oracle Plunges 10% After Earnings, Salesforce Slips Near 52-Week Lows as Cloud Stocks Slide

In Q1, the company reported net sales of $3.36 billion, up 7.7%, and adjusted earnings per share of $0.43, both in line with consensus estimates.

Oracle reported Q4’26 earnings at $2.11 per share, beating estimates of $1.96 per share.

Oracle stock fell despite posting fiscal fourth-quarter results ahead of estimates. Its guidance was in-line with forecasts.

FCEL's Q2 loss widens as service and generation softens, but more than $1.1B backlog and data-center pipeline surge keep focus on growth.

Online pet-supplies retailer Chewy said Wednesday it expects net sales to come in between $13.4 billion and $13.55 billion this year, down from a prior forecast of $13.6 billion to $13.75 billion. Chief Executive Sumit Singh said that despite operating in a more challenging environment, Chewy continues to gain market share.

At $396.60, Broadcom (NASDAQ:AVGO) is a Hold. The stock just suffered its second-largest negative earnings day reaction in nine quarters, and the reason behind it deserves more attention than the headline number. Broadcom designs custom AI accelerators, networking silicon, and infrastructure software for hyperscaler buildouts. Fiscal Q2 delivered strong results: revenue hit $22.19 billion, up ... 1 Under-the-Radar Reason to Hold Broadcom Stock After Its Historic 14% Earnings Crash

Yahoo Finance's Julie Hyman takes a look at some of Tuesday's trending tickers and stories, including GSK (GSK) buying biotech firm Nuvalent (NUVL), Applied Digital's (APLD) deal with a hyperscaler, and Vail Resorts (MTN) cutting its full-year guidance.

Canaccord upgraded FuelCell Energy to ‘Buy’ from Hold and raised its price target to $30 from $12, according to The Fly.

Stifel raised its target while BNP Paribas warned leadership uncertainty may weigh on sentiment.

Wix stated that it has reduced its revenue expectations by $25 million and expects about a $50 million reduction in bookings for 2026.

Jim Cramer used his June 8, 2026, Squawk on the Street appearance to deliver a direct warning to anyone riding the AI chip rally. His line, after a brutal Friday that saw the Philadelphia semiconductor index post its fourth-worst decline ever: “Unless you have accelerated earnings, your stock is pretty much done. Got to go ... Jim Cramer Warns: AI Stocks Face 50% Crash Without Earnings Growth

Investors must decide whether Meta's remarkable ad business outweighs its eye-watering AI spending.

The Roundhill Memory ETF (CBOE:DRAM) closed Friday, June 5, 2026 at $55.79, down 15% on the day from a prior close of $65.70. Over the two-day window from June 3 through June 5, the fund dropped 20%, going from $69.71 to that Friday close. If you had $10,000 in DRAM at Wednesday’s open, you had ... Guidance Miss Becomes a Bloodbath: DRAM’s 15% Implosion is At The Center

The wholesale retailer reduced prices on wings, chocolate almonds, golf balls, and king-size sheets by as much as $10

Broadcom’s AI bookings remain the key proof point, with investors watching whether custom chip demand can convert quickly enough to support its fiscal 2027 AI revenue target.

Lululemon stock sinks on disappointing full-year guidance. Freedom Broker cuts the price target on LULU shares by more than half.

It’s been easy to call a bottom in Lululemon Athletica in recent years–just keep waiting another day. The specialty athleticwear company, which had already dropped nearly 40% year to date alone before it reported fiscal first-quarter earnings after the bell Thursday, didn’t reward bargain hunters. The quarter itself was better than expected, but the full-year outlook was the culprit: Lululemon said it will earn between $10.95 and $11.15 a share on revenue that will be flat or down 1%, translating into $11 billion to $11.15 billion.

Broadcom (AVGO) shares fell 12.6% on June 4 after the chipmaker delivered quarterly results that largely matched Wall Street expectations but failed to provide the AI revenue boost some investors were hoping for. The company reported fiscal second-quarter adjusted earnings of $2.44 a share on ...

The athleisure company now expects revenue to decline as much as 1% for the year, down from prior guidance of 2% to 4% growth

Broadcom’s AI forecasts, which some considered soft, triggered a sell-off in AI-linked stocks.

Lululemon's new CEO has a windy road ahead.

Lululemon Athletica Inc (NASDAQ:LULU) shares fell about 10% in after-hours trading on Thursday after the athletic apparel retailer issued guidance pointing to a potential decline in sales, despite reporting first-quarter results that narrowly topped Wall Street expectations. The company...

Broadcom held the line on its AI guidance for its upcoming third quarter on Wednesday night, but the stock still fell 15% on Thursday morning. That counterintuitive outcome sits at the center of KeyBanc Capital Markets analyst John Vinh’s reaction on CNBC’s Squawk Box, where he defended his Overweight rating on Broadcom (NASDAQ:AVGO) while reiterating ... Wall Street Analyst: Broadcom’s Flat AI Guidance Justified the Selloff, but Nvidia Remains Best-in-Class Chip Play

Shares of CrowdStrike (NASDAQ:CRWD) are down 8% in early Thursday trading, changing hands near $679 after Wednesday’s close of $747.61. The move marks the cybersecurity leader’s worst single-day drop in about 22 months, despite a fiscal Q1 2027 earnings beat and a raised outlook. Cybersecurity peer Palo Alto Networks (NASDAQ:PANW) is dipping modestly in sympathy, ... CrowdStrike Sinks 9% as Earnings Beat Falls Short of Lofty Expectations, Weighing on Palo Alto Networks

Shares of Netskope declined sharply Thursday after the company reported mixed fiscal 2027 first-quarter earnings, with underwhelming new annual recurring revenue. A slew of Wall Street firms lowered price targets on the cybersecurity company. Netskope stock sank 18% to $10.17 on Thursday, putting it on pace for its largest ever daily percentage decline, according to Dow Jones Market Data.