Broadcom Inc. (Nasdaq: AVGO) Broadcom is down 4.16% premarket. The semiconductor company fell after a muted near-term sales outlook, linked to weaker enterprise spending. Still, it sees AI sales driving a larger portion of its overall revenues in the future, with artificial intelligence expected to drive 25% of revenue by the end of 2025. Knowing Broadcom was reporting earnings, yesterday our Lead Technical Tactician Nate Bear executed a swing trade on another AI stock in Daily Profits Live. Right now he believes this trade could lead to gains next week. Click here to unlock that trade and learn more about Nate's mission to turn $37,000 into $1 million in verified trading profits. Nutanix, Inc. (Nasdaq: NTNX) Nutanix is up 20.13% in premarket after the company's board authorized the repurchase of up to $350 million in stock. The cloud company reported quarterly revenue that topped analysts' estimates and issued strong sales guidance. Earnings came in at $0.24 per share, beating the Zacks Consensus Estimate of $0.15 per share. The report represents an earnings surprise of 60%. Tech stocks have been major winners in 2023, more specifically AI stocks. And our Lead Technical Tactician Nate Bear recently launched his service, Profit Surge Trader. The service involves Nate trading just ONE STOCK TICKER over and over for maximum potential profits, and his first choice was a major tech company back in August. Click here to see how Nate charts "post-earnings surges" for his One Ticker Payouts. Gold investment numbers are soaring As inflation continues to eat away at the dollar, over 100,000 investors are buying up gold at a price not seen in years. Gold has outpaced some of the world's best assets like stocks, bonds and real estate. Click here to start investing in metals today. Those are the biggest stock movers for today. Happy trading! The Wake-Up Watchlist Research Team |
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