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Today is Thursday, June 4, 2026.
The Early Bird Index today is 91.72.
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Broadcom's AI Warning Sign ⚠️
Broadcom $AVGO ( ▼ 0.49% ) posted good financial results on Wednesday, but concerns about future AI margins caused the stock to plunge 13.78% in after-hours trading.
Financials: Broadcom reported earnings of $2.44 per share and revenue of $22.18 billion. Both were better than expected.
Powering the Story: The problem with the stock was the margin pressure and risk with the company’s full-year outlook, particularly if demand for AI chips slows.
Early Bird’s Nest Egg Gains: This was a warning about pricing perfection in AI stocks, not a warning that AI itself is broken.
While Broadcom still showed strong AI demand, the stock fell because investors saw margin compression, high expectations, and some customer-concentration risk in the AI backlog.
Final Thoughts: Shares of Broadcom were already up 37% in 2026.
The early signals Wall Street is watching
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Notables
Notable Earnings Today: Rubrik (NYSE: RBRK), Ciena (NYSE: CIEN), Lululemon Athletica (Nasdaq: LULU), Planet Labs (NYSE: PL), Caleres (NYSE: CAL), DocuSign (Nasdaq: DOCU), Wealthfront (Nasdaq: WLTH), Zumiez (Nasdaq: ZUMZ), Brown-Forman (NYSE: BF.B), Samsara (NYSE: IOT), Guidewire Software (NYSE: GWRE), Toro (NYSE: TTC), ServiceTitan (Nasdaq: TTAN), Cooper (Nasdaq: COO), Columbus McKinnon (Nasdaq: CMCO), Argan (NYSE: AGX) Concrete Plumbing Holdings (Nasdaq: BBCP), Orion Energy Systems (Nasdaq: OESX), Quanex Building Products (NYSE: NX), X-Energy (Nasdaq: XE).
Notable IPOs Today: Safepoint Holdings, Inc. (NYSE: SFPT), Sunshine Silver Mining & Refining Company (NYSE: SSMR), Energy Transition Special Opportunities (NYSE: ETSS), INNIO N.V. Ordinary Shares (Nasdaq; INIO), InterPrivate Investment Partners V, Inc. Units (Nasdaq: IPVVU), Liftoff Mobile, Inc. Common Stock (Nasdaq: LFTO), Long Table Growth Corp. Units (Nasdaq: LTGRU), Peace Acquisition Corp Ordinary Shares (Nasdaq: PECE), Quantinuum Inc. Class A Common Stock (Nasdaq: QNT).
Notable Equity Crowdfunding Campaigns Ending Today: Hero Corp (Wefunder).
Notable Economic Events Today: Jobless Claims (8:30 a.m. ET), Nonfarm Productivity (8:30 a.m. ET), Unit Labor Costs (8:30 a.m. ET).
CrowdStrike's Higher Expenses
CrowdStrike's $CRWD ( ▼ 2.78% ) posted good financial results on Wednesday, but it wasn’t enough. The stock fell 11.21% in after-hours trading.
Financials: CrowdStrike reported earnings of $1.10 per share and revenue of $1.39 billion. Both were better than expected.
Powering the Story: The company's annual recurring revenue and cash flow were both good as usual, but investors seemed to be concerned with the company's rising operational expenses this year. Higher capital spending in tech can be an issue with investors.
Final Thoughts: With CrowdStrike previously up over 64% this year, the stock was bound to run into challenges.
Five Below’s Good Results Can’t Lift Stock
Despite posting good financial results on Wednesday, Five Below $FIVE ( ▲ 1.14% ) fell 12.51% in after-hours trading.
Financials: Five Below reported earnings of $2.22 per share and revenue of $1.3 billion. Both were better than expected.
Final Thoughts: With the stock already up 15% this year, investors were ready to take some profits off the table.
Trends to Watch
Cruel Bitcoin Summer: Bitcoin tanks below $63,000 for the first time since February as price selloff deepens (CoinDesk)
Optimistic: Ethereum Weakness May Be Final Phase Before Next Market Expansion (TradingView)
Coming in June: SpaceX targets $135 IPO price at valuation of $1.77 trillion (CNBC)
Making Every Drop Count: Google says it will replenish more water than it uses at data centers amid public pushback (9to5Google)
Falling: U.S. Crude Oil Stockpiles Post Sixth Straight Weekly Drop (Wall Street Journal)
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The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations, and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.
