Major U.S. stocks closed lower on Wednesday, with the Dow Jones Industrial Average slipping 1.2% to 50,687.07, the S&P 500 losing 0.7% to finish at 7,553.68 and the Nasdaq falling 0.89% to 26,853.97.
These are the top stocks that gained the attention of retail traders and investors through the day.
Broadcom Inc. (NASDAQ:AVGO)
Broadcom’s stock slipped 0.49% to close at $479.23, with an intraday high of $495 and a low of $472.64. The stock has a 52-week high of $495 and a low of $241.11. In the after-hours trading, the stock dropped 13.78% to $413.21.
Broadcom reported mixed second-quarter results, with revenue of $22.19 billion narrowly missing estimates while adjusted earnings of $2.44 per share topped expectations. The company said AI semiconductor revenue surged 143% year-over-year to $10.8 billion, driven by demand for custom AI accelerators and networking products.
The Hock Tan-led company projected third-quarter revenue of about $29.4 billion, above analyst estimates, and said AI semiconductor revenue is expected to exceed $16 billion, representing more than 200% year-over-year growth. The company generated $10.26 billion in free cash flow during the quarter and ended the period with $19.63 billion in cash and equivalents.
CrowdStrike Holdings Inc. (NASDAQ:CRWD)
CrowdStrike’s shares fell 2.78% to $747.61, reaching a high of $767 and a low of $742.12. The stock’s 52-week range is $785.66 to $342.72. The stock dropped over 11% to $663.80 in extended trading.
CrowdStrike reported first-quarter fiscal 2027 results that topped expectations, with revenue rising 26% year-over-year to $1.39 billion and annual recurring revenue increasing 24% to $5.51 billion. The cybersecurity company added $255.8 million in net new ARR during the quarter and generated $468.5 million in free cash flow.
CrowdStrike raised its full-year fiscal 2027 guidance, forecasting revenue of $5.92 billion-$5.96 billion and adjusted earnings of $4.88-$4.96 per share. The company also approved a four-for-one stock split, with shareholders set to receive three additional shares for each share held as of June 25.
Xos Inc. (NASDAQ:XOS)
Xos shares soared 234.53% to close at $7.46, with a high of $8.27 and a low of $5.40. The stock’s 52-week high is $8.27, with a low of $1.60. In the after-hours trading, the stock fell 3.49% to $7.20.
Xos has become a hot topic among traders, as the company focuses on addressing the energy demands of AI systems. The stock surged, driven by the company’s strategic positioning in the rapidly growing AI sector.
Navitas Semiconductor Corp. (NASDAQ:NVTS)
Navitas Semiconductor’s stock jumped 19.26% to $30.84, with an intraday high of $34.17 and a low of $29.70. The stock’s 52-week high is $34.17, and the low is $5.44. In the after-hours session, the stock declined 7.25% to $28.60.
Navitas announced a collaboration with Nvidia within the Nvidia MGX ecosystem, focusing on AI infrastructure. The company’s GaNFast technology aims to meet the rising power demands of AI GPUs, enhancing efficiency and power density.
Five Below Inc. (NASDAQ:FIVE)
Five Below’s stock rose 1.14% to close at $222.89, with a high of $225.76 and a low of $219.19. The stock’s 52-week high is $251.53, and the low is $119.07. In extended trading, the stock slipped 12.5% to $195.
Five Below reported first-quarter results that exceeded expectations, with revenue rising 32.5% year-over-year to $1.29 billion and adjusted earnings reaching $2.22 per share. Comparable sales increased 22.7%, and the discount retailer opened 49 net new stores during the quarter, ending with 1,970 locations.
The company raised its full-year outlook, forecasting revenue of $5.4 billion-$5.48 billion and adjusted earnings of $8.65-$9.05 per share. It also issued second-quarter guidance above analyst expectations, citing strong customer traffic and demand for value-focused merchandise.
Benzinga Edge Stock Rankings indicate Broadcom stock has a Momentum score in the 90th percentile and a Value score in the 4th percentile.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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