# Broadcom, CrowdStrike, Petco Stocks Move on Earnings
_Broadcom shares tumbled on a disappointing AI outlook, while CrowdStrike and Petco also saw significant stock declines following their respective earnings reports._
**Published:** 2026-06-04
**Source:** https://www.startuphub.ai/ai-news/public-companies/2026/broadcom-crowdstrike-petco-stocks-move-on-earnings
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In the latest "Bloomberg Stock Movers" segment, market reporter Carmen Reinicke detailed significant stock movements for three major companies: Broadcom, CrowdStrike, and Petco. The discussion focused on the impact of their recent earnings reports on their share prices, with particular attention paid to Broadcom's outlook on the booming AI sector.

AI Sector BoomContext

From the articleThe discussion focused on the impact of their recent earnings reports on their share prices, with particular attention paid to Broadcom's outlook on the booming AI sector.Bloomberg Stock MoversCoreFrom the articleIn the latest "Bloomberg Stock Movers" segment, market reporter Carmen Reinicke detailed significant stock movements for three major companies: Broadcom, CrowdStrike, and Petco.Broadcom AI OutlookDriverAI outlook failed to meet investor expectations after strong rallyFrom the article 3 mentionsThe discussion focused on the impact of their recent earnings reports on their share prices, with particular attention paid to Broadcom's outlook on the booming AI sector.CrowdStrike EarningsDriverfaced post-earnings dip following their respective earnings reportsFrom the article 6 mentionsCybersecurity leader CrowdStrike Holdings Inc.Petco Earnings MissDriverearnings miss sparked stock declineleads toBroadcom Stock TumblesOutcomeshares slid approximately 6% in after-hours tradingFrom the articleIn the latest "Bloomberg Stock Movers" segment, market reporter Carmen Reinicke detailed significant stock movements for three major companies: Broadcom, CrowdStrike, and Petco.CrowdStrike Stock DeclinesOutcomesignificant stock declines following their respective earnings reportsFrom the articleIn the latest "Bloomberg Stock Movers" segment, market reporter Carmen Reinicke detailed significant stock movements for three major companies: Broadcom, CrowdStrike, and Petco.Petco Stock DeclinesOutcomesparks stock decline following their respective earnings reportsFrom the articleIn the latest "Bloomberg Stock Movers" segment, market reporter Carmen Reinicke detailed significant stock movements for three major companies: Broadcom, CrowdStrike, and Petco.

## Broadcom's AI Outlook Dims Stock Performance

Broadcom Inc. (NASDAQ:AVGO) experienced a notable dip, sliding approximately 6% in after-hours trading. This downturn followed the company's earnings report, which, despite a strong preceding rally, presented an AI outlook that failed to meet investor expectations. Reinicke highlighted that the stock had seen a remarkable surge, adding $270 billion in market value over the past three months, and had closed near a record high on Wednesday. However, the after-hours sell-off suggests that the company's guidance for future AI-related revenue may not be as robust as anticipated, leading to a correction.

## CrowdStrike Faces Post-Earnings Dip

Cybersecurity leader CrowdStrike Holdings Inc. (NASDAQ:CRWD) also saw its stock price fall after announcing its earnings. While the company's performance was largely in line with analyst expectations, Reinicke noted that the stock had enjoyed a significant rally leading up to the report. The shares were up approximately 8% year-to-date and had seen substantial gains over the past three months. The projected revenue for the second quarter, while meeting analyst consensus, might not have been enough to sustain the high valuation, leading to a decline of about 10% in after-hours trading.

The full discussion can be found on **Bloomberg Podcast**'s YouTube channel.

  
    

![](https://img.youtube.com/vi/luYfR28BkZQ/maxresdefault.jpg)

    
      
        

      
    
  
  Broadcom Slides on Disappointing AI Outlook, CrowdStrike Falls, Petco Drops | Stock Movers, from Bloomberg Podcast

## Petco's Earnings Miss Sparks Stock Decline

Petco Health and Wellness Company Inc. (NASDAQ:WOOF) faced a significant drop in its stock value, falling around 12% in after-hours trading. The pet supplies retailer reported earnings that fell short of investor expectations. Despite a year-to-date gain of about 8%, the company's performance in the second quarter was described as slightly missing analyst projections. Reinicke suggested that the stock's current trading level could wipe out its entire year-to-date gains if the downward trend continues. This highlights the sensitivity of consumer discretionary stocks to performance metrics in the current economic climate.
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Original analysis from [startuphub.ai](https://www.startuphub.ai), the #1 AI startup directory.