Analizar los factores que impulsan los movimientos de las acciones de mayor volumen hoy

The stock market in Q4 2025 has been a theater of stark contrasts, with sector rotation and macroeconomic repositioning shaping investor sentiment. As the Federal Reserve's policy pivot looms and inflationary pressures ease, capital is shifting between growth and value assets. This article dissects the performance of key stocks-Broadcom, Oracle, ServiceNow, Newmont, and Costco-to uncover the forces driving these moves and what they signal for 2026.

Tech's Uneven Rebound: Broadcom and Oracle as Barometers

Broadcom (AVGO) and Oracle (ORCL) offer a telling dichotomy in the tech sector. Broadcom's Q4 results were a masterclass in execution: revenue surged 28% year-over-year to $18.015 billion, driven by robust demand for AI semiconductors and enterprise software. The stock's 3% after-hours gain underscored investor confidence in its ability to capitalize on the AI infrastructure boom. This performance aligns with broader trends: as generative AI adoption accelerates, companies with high-margin, sticky software and hardware offerings are outperforming peers.

Oracle, by contrast, stumbled badly. Its stock plummeted over 12% in pre-market trading after reporting weak cloud sales and a revised 2026 capital spending outlook. The company's struggles highlight a critical risk in the tech sector: legacy software giants face an existential challenge from cloud-native competitors. Oracle's failure to gain traction in the AI-as-a-service space-despite massive R&D investments-has left investors questioning its long-term growth trajectory.

Enterprise Software's Crossroads: ServiceNow's Mixed Signals

ServiceNow (NOW) exemplifies the turbulence in enterprise software. The company's Q3 2025 earnings were stellar: revenue rose 21.8% to $3.41 billion, and EPS of $4.82 beat estimates by $0.61. Yet, its forward guidance for Q4 2025 fell short, with subscription revenue growth projected at 19.5–20% versus the 20.8% expected by analysts according to reports. Currency headwinds and uncertainty around monetizing AI tools for enterprises have created a rift between current performance and future expectations. This duality reflects a broader industry trend: while demand for digital transformation remains strong, companies are becoming more cautious about spending in a high-interest-rate environment.

Traditional Sectors in the Spotlight: Newmont and Costco

As tech stocks face mixed fortunes, traditional sectors like mining and retail are gaining traction. Newmont (NEM) has surged 144% year-to-date, fueled by a gold price rally and record free cash flow of $1.6 billion in Q3 2025. Despite caution about near-term cash flow pressures from capital expenditures, the stock's 1.73% pre-market gain according to data suggests investors are betting on its ability to benefit from inflation-hedging demand for gold.

Costco (COST), meanwhile, has defied expectations in the retail sector. Its Q4 revenue of $67.31 billion-a 8.3% year-over-year increase-was bolstered by 20.5% growth in digitally enabled sales. Yet, the stock dipped 1% in pre-market trading despite beating earnings estimates. This disconnect hints at investor skepticism about its 50.3x valuation multiple, particularly as broader market concerns about consumer spending persist. Costco's membership model, however, remains a fortress: membership fees rose 14% to $1.33 billion, signaling enduring loyalty in a competitive retail landscape.

Strategic Implications for 2026

The Q4 2025 stock moves reflect a macroeconomic repositioning. As the Fed's rate hikes begin to bite, investors are rotating into sectors with pricing power and inflation resilience-gold, retail, and high-margin tech. Broadcom's AI-driven growth and Newmont's commodity tailwinds represent two sides of this coin. Conversely, Oracle's struggles and ServiceNow's cautious guidance highlight the fragility of growth narratives in a tighter monetary environment.

For capital allocators, the lesson is clear: diversification across growth and value is no longer optional. The stocks that thrive in 2026 will be those that balance innovation with operational discipline-whether through AI-driven semiconductors, resilient consumer demand, or inflation-protected assets.