These Stocks Moved the Most Today: Broadcom, Nvidia, Lululemon, Tesla, Samsara, Kenvue, Guidewire, and More

Traders working at the New York Stock Exchange. (NYSE)

Stocks fell Friday after the U.S. added just 22,000 jobs in August, well below economists’ expectations, in another sign of a cooling labor market. The data, however, cemented the odds that the Federal Reserve will cut interest rates when it meets in mid-September.

These stocks moved Friday:

Broadcom rose 9.4% after posting fiscal third-quarter adjusted earnings and revenue that beat analysts’ forecasts. Artificial-intelligence revenue jumped 63% in the quarter to $5.2 billion. The semiconductor and software company said it expects total fourth-quarter revenue of about $17.4 billion, higher than consensus of $17.02 billion, and anticipates growth in AI semiconductor revenue to “accelerate to $6.2 billion” in the fourth quarter, marking 11 consecutive quarters of growth.

CEO Hock Tan revealed Broadcom had secured $10 billion in AI orders from a new customer, which he believes will “significantly” improve the AI revenue outlook for fiscal 2026. Multiple Wall Street analysts said they believe Broadcom’s new customer is ChatGPT-developer OpenAI.

Shares of Nvidia, the leading maker of AI chips, closed down 2.7% after Broadcom reported earnings. The stock ended Thursday’s session with a gain of 0.6% and snapped a five-session losing streak. Nvidia has gained 24% this year.

Tesla was up 3.6% after the electric-vehicle maker’s board asked investors to approve a new pay package for CEO Elon Musk that could be worth as much as $1 trillion over the next 10 years.

Fiscal second-quarter earnings at Lululemon Athletica topped analysts’ expectations, but shares sank 19% after the athleisure company cut its fiscal-year guidance for a second time. The retailer lowered its profit guidance to reflect both a slowdown in sales and bigger-than-expected tariff impacts. As for revenue, Lululemon now expects fiscal-year revenue to range between $10.85 billion and $11 billion, down from previous guidance of $11.15 billion to $11.30 billion. The new range’s midpoint of $10.93 billion was below consensus of $11.2 billion.

Samsara, the “internet of things” company, reported second-quarter earnings and revenue, up 30% from a year earlier, that beat Wall Street estimates, and its revenue guidance for the current third quarter slightly topped expectations. Shares rose 17%.

Guidewire Software rallied 20% after the insurance-software provider said it sees fiscal 2026 revenue of $1.39 billion to $1.41 billion, higher than Wall Street forecasts of just below $1.36 billion. Guidewire reported fiscal fourth-quarter adjusted earnings of 84 cents a share on revenue of $356.6 million, topping expectations.

Tylenol maker Kenvue slumped 9.3% after the Wall Street Journal reported that Health Secretary Robert F. Kennedy Jr. plans to draw a link between autism and use of the pain medication in pregnant women in a report later this month. “We have continuously evaluated the science and continue to believe there is no causal link between acetaminophen use during pregnancy and autism,” Kenvue said in a statement.

Braze jumped 13.6%. The customer-engagement platform posted better-than-expected earnings and revenue in the second quarter and hiked its fiscal-year guidance.

Docusign gained 4.8%. The e-signature platform reported second-quarter earnings, revenue, and billings that were better than expected, and raised its fiscal-year outlook.

Automation-software company UiPath was up 6.1% after posting better-than expected second-quarter adjusted earnings and boosting its fiscal-year revenue outlook, citing momentum in its agentic AI offerings. The company expects revenue between $390 million and $395 million in the current third quarter.

Software company ServiceTitan reported second-quarter earnings and revenue that easily topped analysts’ estimates and issued a fiscal-year revenue forecast that also was better than expected. Shares climbed 14%.

Copart, the online auto auction platform, posted fiscal fourth-quarter earnings that rose from a year earlier as revenue gained 5.2% to $1.13 billion, but missed forecasts of $1.14 billion. The stock fell 2.8%.

Phreesia fell 10%. The company, which provides digital solutions for the healthcare industry, posted second-quarter earnings and revenue that beat Wall Street estimates. Phreesia also announced that it reached an agreement to acquire healthcare financing company AccessOne for $160 million. Phreesia was named a Barron’s stock pick in early August. The stock fell 9.8%.

Write to Joe Woelfel at joseph.woelfel@barrons.com and Elsa Ohlen at elsa.ohlen@barrons.com