U.S. stock indices reached new highs, but technology stocks displayed mixed performance. While AI-related and Chinese ADR stocks rose, sectors like aerospace, crypto, and defense faced pressure. This week, major tech companies Palo Alto Networks (PANW), Broadcom (AVGO), and CrowdStrike (CRWD) are set to release their quarterly earnings. PANW will announce its results after market close on June 2, with its stock up nearly 6% to $298.43. CRWD and AVGO will report on June 3, with CRWD hitting a 52-week high of $782.17 and AVGO shares rising over 3% on Monday. Options markets predict AVGO's post-earnings volatility to exceed 10%.
WEEX Labs highlights that tech stock valuations are rising, with market attention on AI growth expectations and the credibility of corporate earnings guidance. The outcomes of these earnings reports are expected to significantly influence risk sentiment in the tech sector.
Tech Stocks Show Divergence Amid Earnings Reports from PANW, AVGO, CRWD
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