cnbc.com / .cnbc-com-earnings

Even with better-than-expected earnings and revenue, Broadcom slid on Friday as investors continued to grow concerned about the AI trade.

Investors were apparently not satisfied with Broadcom CEO Hock Tan's answer to an important question.

The quarter looked pretty down the fairway, with beats across key line items -- the membership renewal rate.

Costco said on Thursday surpassed Wall Street's quarterly expectations as its sales rose 8.2% year over year.

Broadcom stock is at all-time highs and has climbed 75% so far in 2025.

Oracle's hefty infrastructure costs and rising debt load have weighed on the stock in the past few months.

Stocks eked out gains Friday and closed the week higher.

Rubrik CEO Bipul Sinha told CNBC that his company's cyber resilience products and new tools for AI agents are helping fuel growth.

CFO Marie Myers said server revenue was hit by the timing of AI service shipments and lower-than-expected government spending.

The carrier said it expects 2025 earnings before interest and taxes of about $500 million, down from a previous forecast of $600 million to $800 million.