Advanced Micro Devices Inc
Stocks making the biggest moves after hours: Alphabet, Visa, Chipotle, AMD and more
Check out the companies making headlines in after-hours trading. Chipotle Mexican Grill — The burrito chain reported mixed quarterly results , and shares dipped 3%. Chipotle reported adjusted earnings of 27 cents per share, exceeding expectations of 25 cents a share from analysts polled by LSEG. Revenue came out at $2.79 billion for the period, […]
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AMD shares fall as forecast fails to impress despite strong AI growth
AMD CEO Lisa Su makes the opening speech at COMPUTEX forum in Taipei, Taiwan June 3, 2024. Ann Wang | Reuters Advanced Micro Devices reported third-quarter results Tuesday, with earnings in line with forecasts and revenue that slightly beat expectations. Here’s how the company did, compared with LSEG estimates for the quarter ending Sept. 28: […]
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AI boom thrusts Europe between power-hungry data centers and environmental goals
A large hallway with supercomputers inside a server room data center. Luza Studios | E+ | Getty Images The boom in artificial intelligence is ushering in an environmentally conscious shift in how data centers operate, as European developers face pressure to lower the water temperatures of their energy-hungry facilities to accommodate the higher-powered chips of […]
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Stock futures are little changed as Wall Street awaits labor data and more earnings: Live updates
Traders work on the floor of the New York Stock Exchange during morning trading in New York City. Michael M. Santiago | Getty Images Stock futures are muted Monday night as investors readied for employment data and closely followed corporate earnings releases. Dow Jones Industrial Average futures added just 13 points, sitting slightly above flat. […]
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TSMC suspended shipments to China firm after chip found on Huawei processor, Reuters reports
The Taiwan Semiconductor Manufacturing Co. (TSMC) building at the Central Taiwan Science Park in Taichung, Taiwan, on Friday, April 8, 2022. Bloomberg | Bloomberg | Getty Images Taiwan Semiconductor Manufacturing Company suspended shipments to China-based chip designer Sophgo after a chip it made was found on a Huawei AI processor, according to two people familiar with the […]
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Wall Street braces for a big week ahead of the election, with megacap tech earnings, key data on tap
Wall Street is about to get hit with the newsiest week yet ahead of the election — just as the stock market has started to falter. Investors will contend with earnings results from five of the Magnificent Seven companies next week. Alphabet’s results are set to be released Tuesday. Microsoft and Meta Platforms post their […]
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Nvidia stock rises to new record, exceeding June high as AI trade is rekindled
Jensen Huang, co-founder and CEO of Nvidia, speaks during an event in Taipei, Taiwan, on June 2, 2024. Annabelle Chih | Bloomberg | Getty Images Shares of Nvidia rose to a new record Thursday as investors piled back in to the artificial intelligence trade, which had stalled a bit since the summer. The stock rose […]
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CNBC Daily Open: Bullish sentiment and broadening rally – markets are in a good place
Traders work on the floor of the New York Stock Exchange on April 5, 2024. Spencer Platt | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. […]
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The UAE can guarantee the ‘safety and the security’ of U.S.-made chips, G42 CEO says
The CEO of the United Arab Emirates’ premier AI firm stressed that the Gulf country is a reliable partner to the U.S. when it comes to keeping sensitive technology safe, as Washington reportedly mulls curbs on chip sales to certain countries — particularly those in the Middle East. The UAE has shown it can “guarantee […]
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CNBC Daily Open: Bullish sentiment and broadening rally – plenty to like about markets
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 17, 2024. Brendan McDermid | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. […]
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