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AMD Reports Solid Earnings and ‘Strong Progress’ on AI Chips. The Stock Is Rising.
- Reuters
AMD forecasts challenger to Nvidia AI chip to launch in 4th quarter, shares rise
(Reuters) -Advanced Micro Devices on Tuesday forecast a strong fourth quarter and expects to have artificial-intelligence hardware that can challenge Nvidia chips by that quarter. “Our AI engagements increased by more than seven times in the quarter as multiple customers initiated or expanded programs supporting future deployments of Instinct accelerators at scale,” said AMD CEO Lisa Su. Su said AMD is set to ramp production of its MI300 artificial-intelligence chips in the fourth quarter.
49m ago
- Barrons.com
Norwegian Cruise Stock Sinks. Earnings Weren’t Quite Good Enough.
Norwegian Cruise Line Holdings stock fell 14% earlier Tuesday despite second-quarter earnings beating expectations. The cruise operator even hiked its full-year earnings guidance by 5 cents to 80 cents per share.
7h ago
- The Wall Street Journal
ON Semiconductor Stock Rises as Chip Stocks Dip
Shares of ON Semiconductor rose early Monday, leading the the S&P 500’s advancers and supporting an index of chip stocks in morning trading. The Scottsdale, Ariz.-based company, which makes intelligent sensing and power services, said it is targeting third-quarter sales above the consensus forecast of analysts tracked by FactSet, though below year-earlier levels, as well as higher-than-expected quarterly profits. Shares of ON, which are up more than 75% in 2023 so far, rose as an index of chip stocks edged lower, weighed down by shares of companies including Intel and Taiwan Semiconductor.
1d ago
- Benzinga
‘YOLO Consumers’ May Be Boosting The Economy Now, But Experts Warn They’ll Be Broke By The End Of Summer
Wharton School of the University of Pennsylvania professor Jeremy Siegel shared his insights on the U.S. economy, noting that it seems to be progressing smoothly, with a resilient consumer who remains unaffected by higher borrowing costs. Siegel referred to these spenders as “YOLO consumers,” who are enjoying their summer and spending the last of their cash reserves on travel and leisure activities. YOLO, which stands for You Only Live Once, reflects a mindset of living in the moment and not wor
1h ago
- Zacks
FTI Consulting (FCN) Barely Moves Since Q2 Earnings Beat
FTI Consulting’s (FCN) second-quarter 2023 earnings and revenues increase year over year.
4h ago
- Zacks
Merck (MRK) Beats on Q2 Earnings and Sales, Ups 2023 View
Merck (MRK) beats Q2 estimates for earnings and sales. It raises its 2023 guidance. Stock rises in pre-market.
5h ago
- Investor’s Business Daily
Dow Jones Giant Microsoft, 3 Other Best Stocks To Buy And Watch In The Stock Market Today
Dow Jones software giant Microsoft, along with three other best stocks to buy and watch, are in or near buy zones in the stock market today.
3h ago
- Investor’s Business Daily
Marriott Beats Estimates To Kick Off Big Week For Travel Earnings; Airbnb, Booking Holdings Also Loom
Marriott is at record highs ahead of early Tuesday results as travel demand rebounds. Hyatt, Airbnb, Expedia, Booking Holdings report Thursday.
53m ago
- Decrypt Media
Hasbro Flirts With AI in Dungeons & Dragons as Game Sites Push Back
Hasbro taps Xplored to infuse AI into gameplay, adding real-time responses to player decisions.
23h ago
- Barrons.com
JetBlue Stock Tumbles After Earnings. The 2 Big Things Behind the Fall.
JetBlue Airways stock pointed 7.6% lower early Tuesday after the low-cost carrier unexpectedly said it doesn’t expect to post a profit in the third quarter. The airline also cut its full-year earnings guidance to between 5 cents and 40 cents per share, from a previous range of 70 cents to $1 per share. A slowdown in domestic demand, also signaled by its peers this earnings season, was just one of the reasons behind the cut.
Advertisement7h ago
- Zacks
Coinbase Global (COIN) to Report Q2 Earnings: What to Expect
A strong crypto price cycle, with high prices of many crypto assets, rising volatility, and high interest in crypto across retail and institutional users are likely to have benefited Coinbase Global (COIN) in the second quarter of 2023.
5h ago
- Barrons.com
Nvidia Chips Dominate AI. Demand Is ‘Off the Charts.’
The latest word from the big cloud-computing vendors about their plans for AI spending has made Bernstein more upbeat about the chipmaker’s prospects.
1d ago
- TipRanks
‘Opportunities Outweigh Risks’: Oppenheimer Sees at Least 60% Gains in These 2 Stocks
It’s been clear for a while now that the stock market is on an upward trajectory, buoyed by a resilient economy and retreating high inflation. The good news, according to John Stoltzfus, Chief Investment Strategist at Oppenheimer, is that the chances of the bull market continuing are more likely than the bears grabbing hold of the narrative once again. “Our appraisal of the market landscape at this time suggests that opportunity outweighs risk as current monetary policy generates a transition fr
7h ago
- Investor’s Business Daily
Exact Sciences, A Cathie Wood Darling, Just Reported A Sixth Big Sales Quarter
Exact Sciences reported its sixth consecutive quarter of double-digit sales growth Tuesday, as EXAS stock continues its 10-month run.
40m ago
- Barrons.com
Rooftop Solar Is in a Slump. This CEO Sees 2 Ways Out.
To start, Enphase Energy is working to expand faster in Europe, where its sales are still growing fast.
3h ago
- Zacks
5 Large-Cap Stocks to Buy Ahead of Q2 Earnings Tomorrow
We have narrowed our search to five large-cap stocks that are set to declare second-quarter earnings results on Aug 1. These are: PEG, PAYC, MPLX, TAP, ECL.
1d ago
- TipRanks
‘It’s a Profitable Time’: Billionaire Ken Fisher Stays Heavily Invested in These 2 ‘Strong Buy’ Stocks
We have just been through a period of abundant stock market gains, but that is no coincidence, according to one legendary stock picker. Ken Fisher calls the last 9 months the “midterm miracle.” That is, history has shown that the 9 months starting October of a midterm election year turn out to be the most consistently profitable period in the stock market in all stock market history. With the huge strides made since October 1 last year, this scenario has played out in a “picture perfect” way. Bu
1d ago
- Reuters
Apple heads for largest Q3 revenue drop since 2016 as iPhone sales slow
Apple is likely to report a dip in iPhone sales in the April-June quarter as shoppers held out for a new model in a slow economy, making it important for the company to detail how it is using artificial intelligence to augment growth, analysts said. IPhone sales likely fell more than 2% in the period, according to 24 analysts polled by Visible Alpha, compared with a near 3% increase a year earlier and a 1.5% rise in the quarter ended March. The quarterly report could mark a break from an upbeat earnings season for the likes of Meta Platforms, Alphabet and Microsoft that have shown resilience in their cloud businesses and an uptick in digital ad sales.
1h ago
