Friday Premarket Movers

CNBC reported Friday that a broad set of names posted sharp moves before the opening bell, led by a steep drop in Lululemon Athletica after the retailer cut its full-year outlook. Semiconductor stocks also remained under pressure following fallout from Broadcom’s latest earnings release, while a handful of smaller companies surged on strong results.

Lululemon Guides Lower, Pressuring Premarket Movers

Lululemon shares fell 13% in premarket trading after the athleisure brand trimmed both its annual earnings and revenue forecasts. Current-quarter guidance also landed below analyst expectations compiled by LSEG. The result added to mounting pressure on consumer discretionary names sensitive to spending headwinds.

DocuSign shares slid 4% after its quarterly revenue outlook underwhelmed investors. The company guided second-quarter revenue to a narrow band around $865 million to $869 million, bracketing but failing to meaningfully exceed the LSEG consensus figure.

Chip Stocks Extend a Brutal Post-Broadcom Stretch

Semiconductor names continued to bleed following Thursday’s Broadcom-led selloff. Broadcom itself slipped another 1% after losing 12.5% the session prior. Advanced Micro Devices fell nearly 3%, Intel dropped more than 2.5%, and Arm retreated 5%. Nvidia held up comparatively better, off just 1%.

Memory-focused names were not spared. Micron Technology and Lam Research each dropped roughly 3% in premarket, while Seagate Technology fell 2.5% and Sandisk lost 1.5%.

Background: Broadcom’s Report Revives Sector Anxiety

Broadcom’s earnings, released Thursday, disappointed investors enough to spark a sector-wide reaction. That pattern, where a single heavyweight’s results reprice an entire group, echoes episodes seen throughout the past two years of elevated AI-driven chip valuations. Analysts have flagged margin sustainability as a recurring flashpoint.

Winners in the Premarket Session

Not all movers were lower. ServiceTitan, the contractor-focused software platform, jumped 16% after raising its full-year adjusted operating income guidance to a range of $142 million to $147 million. That compares with a prior range of $128 million to $133 million and topped the FactSet consensus by a meaningful margin.

Construction engineering firm Argan gained 11% after first-quarter earnings of $3.24 per share on $291 million in revenue cleared analyst estimates of $2.31 per share and $256 million. Cooper Companies added nearly 5% on a second-quarter earnings beat. Chipotle Mexican Grill edged up 1.5% after JPMorgan upgraded the stock to overweight, citing improving same-store sales trends.

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