Stock Movers Stubhub Slumps, Victoria's Secret Drops, Broadcom Rises on Projected AI Chip Sales
Mar 5, 2026
Avalon Purnell, Bloomberg reporter who breaks down earnings and market moves. She walks through StubHub’s weak 2026 forecast and Q4 miss. She explains why Victoria’s Secret shares fell despite top-line beats and a shaky free cash flow outlook. She covers Broadcom’s bullish AI chip projection and a major buyback announcement.
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StubHub Slumps After Weak Forecast And Regulatory Risk
- StubHub's shares fell after its 2026 forecast and Q4 results missed expectations.
- Analysts cited the absence of a Taylor Swift tour and regulatory risks like potential resale price caps in New York and California as drivers.
Victoria's Secret Drops Despite Beating Earnings
- Victoria's Secret stock dropped despite beating earnings because free cash flow guidance disappointed investors.
- Guggenheim flagged elevated expectations ahead of the report and management warned of potential shipment delays linked to the conflict in Iran.
Broadcom Rises On Massive AI Chip Sales Projection
- Broadcom jumped after reporting beaten Q1 results and CEO Hock Tan projected AI chip sales could top $100 billion next year.
- The company also gave a stronger-than-expected outlook and announced up to $10 billion in buybacks, helping the rally.