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Broadcom earnings, Lululemon CEO steps down, 'fibermaxxing' and more in Morning Squawk

1. S&P 500 and Dow Jones hit new highs despite Oracle's 11% drop. 2. Broadcom's shares fell nearly 6% despite exceeding earnings expectations. 3. Broadcom expects AI chip sales to double this quarter YOY. 4. Anthropic revealed as Broadcom's $10 billion mystery customer. 5. New executive order establishes national AI regulation standards.

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FAQ

Why Bearish?

The 6% decline in Broadcom's shares suggests market concerns overshadowing positive outlook.

How important is it?

Market reactions to AI stocks can directly influence Broadcom's stock performance.

Why Short Term?

Market sentiment may recover as AI sales show growth, affecting prices soon.

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