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AMD’s stock has been ‘in absolute freefall’ — but its earnings could spark a chip-sector rebound
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AMD boosts its outlook for AI revenue, but stock still falls
AMD lifted its outlook for its MI300 AI accelerator product, which is now expected to drive upwards of $4 billion in revenue this year.MarketWatch - Business -
Nvidia is chip sector’s only hope after AMD and Super Micro disappoint
Investors better hope that Nvidia Corp. exceeds Wall Street’s current expectations, after Tuesday’s disappointments by two other favored AI-related companies, Advanced Micro Devices and Super Micro Computer.MarketWatch - Business -
AMD says it will sell $4 billion in AI chips this year; stock drops on in-line forecast
AMD sells AI chips that compete with Nvidia, but it makes most of its money from PC chips.CNBC - Business -
Samsung's Net Profit Quadruples as Chip Business Rebounds
The South Korean tech giant’s flagship semiconductor business swung to profit on higher memory-chip prices amid the artificial-intelligence boom.The Wall Street Journal - Tech -
The U.S. birth rate has never been lower. Here’s what that means for stocks.
Americans aren’t having as many kids, but the economy can handle that — for now.MarketWatch - Business -
The Stock Market Could Be Calmer
The Fed’s interference creates volatility and raises capital costs.The Wall Street Journal - World -
AMD’s mixed earnings reveal a company with a lot to prove — and the goods to do it
Why 2024 will be a year of sizeable growth for the chip maker.MarketWatch - Business -
The Catholic Church says a missing Mexican bishop has been found and is hospitalized
The Catholic Church says a missing Mexican bishop has been found and is hospitalizedABC News - World -
Great Barrier Reef’s worst bleaching leaves giant coral graveyard: ‘It looks as if it has been carpet bombed’
Scientists stunned by scale of destruction after summer of storm surges, cyclones and floods. Beneath the turquoise waters off Heron Island lies a huge, brain-shaped Porites coral that, in health, would be a rude shade of purplish-brown. Today ...The Guardian - World -
Informatica logs earnings beat, following acquisition flirtation with Salesforce
Informatica beat expectations with its latest quarterly results, but its stock wasn’t reacting.MarketWatch - Business
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Fastly shares sink 30% on weaker guidance
Fastly shares dived 30% in afterhours trading following guidance for the second-quarter and 2024.MarketWatch - Business -
Zillow forecasts slower second quarter, amid caution among first-time buyers and agents
Online real-estate listing service Zillow Group Inc. on Wednesday forecast second-quarter sales that were below expectations, as a stalled housing market weighs on first-time homebuyer demand and pushes some real-estate agents to the sidelines.MarketWatch - Business -
If history is any indication, the economic impact of campus protests could be felt at colleges across the U.S.
In the 1960s, some policymakers reacted to protests by curtailing funding for colleges. Today, lawmakers are threatening to do the same.MarketWatch - Business -
Cantor’s Howard Lutnick says Fed will ‘show off’ with one rate cut in September
A third of maturing commercial real-estate loans are ‘totally underwater,’ Lutnick saysMarketWatch - Business - Federal Reserve -
A new ETF touts 100% downside protection. Here is how it works.
An ETF that launched on Monday promises investors 100% downside protection if they hold on to the fund, which is intended to track the S&P 500, for a full year.MarketWatch - Business