Advanced Micro Devices Inc
Stocks making the biggest premarket moves: Eli Lilly, Paramount Global, Palo Alto Networks and more
Check out the companies making the biggest moves in premarket trading: Eli Lilly — Shares added 1.7% after a late-stage trial found the pharma company’s weight-loss drug tirzepatide, the active ingredient Zepbound and Mounjaro, reduced the risk of obese or overweight adults developing Type 2 diabetes by 94%. Paramount Global — The media and entertainment […]
Read More
CNBC Daily Open: Wall Street extends winning run
Traders work the floor of the New York Stock Exchange on August 16, 2024. Angela Weiss | AFP | 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. Like what you […]
Read More
CNBC Daily Open: Wall Street extends winning run
Traders work the floor of the New York Stock Exchange on August 16, 2024. Angela Weiss | AFP | 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. Like what you […]
Read More
Stocks making the biggest moves midday: Advanced Micro Devices, HP, Sweetgreen and more
Check out the companies making headlines in midday trading. Advanced Micro Devices — The chipmaker’s stock gained more than 2%. Advanced Micro Devices announced plans to buy server builder ZT Systems in a cash-and-stock deal totaling $4.9 billion. HP — Shares slid more than 3% after Morgan Stanley downgraded the personal computing company to equal […]
Read More
Stocks making the biggest moves premarket: AMD, Estée Lauder, Dutch Bros., HP and more
Check out the companies making headlines in premarket trading. AMD — Shares added nearly 3% before the opening bell following news that the semiconductor company would acquire ZT Systems in a $4.9 billion deal. Estée Lauder — The cosmetics stock pulled back 4% after the the company issued a disappointing first-quarter earnings and full-year outlook, […]
Read More
AMD to acquire server builder ZT Systems for $4.9 billion in cash and stock
Lisa Su, president and CEO of AMD, talks about the AMD EPYC processor during a keynote address at the 2019 CES in Las Vegas, Nevada, U.S., January 9, 2019. Steve Marcus | Reuters Advanced Micro Devices on Monday said it plans to acquire server maker ZT Systems for $4.9 billion as the company seeks to […]
Read More
Intel sells stake in UK chip designer Arm amid company-wide restructuring and cost cuts
A sign is posted in front of Intel headquarters on August 01, 2024 in Santa Clara, California. Justin Sullivan | Getty Images News | Getty Images Intel has sold its 1.18 million share stake in British chip firm Arm Holdings, according to a regulatory filing, as the California chip designer shores up its balance sheet […]
Read More
Market sell-off won’t last for one key reason, CIO says: There’s no tech bubble to burst
Global markets are cautiously rebounding from an early-August rout — and one asset manager says there’s no need to fear a burst tech bubble causing a persistent downturn. Technology stocks were among the hardest-hit by the recent sell-off, as declines of 1.6% in July and more than 4% so far in August for Wall Street’s tech-dominated […]
Read More
On paper the stock market should be great, not on a knife’s edge. But that’s the opportunity
When I look at Thursday’s rally, I am beginning to realize that we have become so binary and so up close that we have lost our ability to think about what matters. The big fish data got caught among the minnow minutiae and we ended up with ridiculous rallies that are, therefore, based on nothing. […]
Read More
Stocks making the biggest moves midday: Fortinet, Shopify, Lyft and more
Check out the companies making headlines in midday trading. Fortinet – The cybersecurity stock was the biggest advancer in the S & P 500 on Wednesday, surging 26% after Fortinet posted a strong second-quarter report, as well as upbeat current quarter guidance. The cybersecurity company posted adjusted quarterly earnings of 57 cents per share on […]
Read More