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Stock market today: live updates

October 31, 2024 | angela | Leave a Comment

Traders react after the closing bell on the floor of the New York Stock Exchange on March 20, 2024. Brendan Mcdermid | Reuters Stocks fell on Thursday as Wall Street digested discouraging quarterly reports from megacap technology companies and awaited further results. The S&P 500 fell 1.1%, while the Nasdaq Composite lost 1.7%. Both indexes […]

The decline in AMD's post-earnings numbers presents a buying opportunity. Here's why

October 30, 2024 | angela | Leave a Comment

Advanced Micro Devices reported solid third-quarter results on Tuesday, thanks to strong sales in the data center and PC markets. However, shares fell more than 7% in extended trading as investors sought faster growth in the AI chip business. We think long-term here. LSEG said revenue rose 18% year-on-year to $6.82 billion in the three […]

Super Micro auditor resigns after raising concerns months ago

October 30, 2024 | angela | Leave a Comment

Sopa pictures | Light rocket | Getty Images Great microphones Shares plunged as much as 35% on Wednesday morning after the company announced that its auditor had resigned following months of disagreements with the company over governance and board independence. Ernst & Young said in its resignation letter that it was “unwilling to be associated […]

AMD Q3 2024 Earnings Report

October 29, 2024 | angela | Leave a Comment

AMD CEO Lisa Su delivers the opening speech at the COMPUTEX Forum in Taipei, Taiwan, June 3, 2024. Ann Wang | Reuters Advanced micro devices (AMD) reported third-quarter results on Tuesday, with profits in line with forecasts and sales slightly above expectations. Here's how the company performed compared to LSEG estimates for the quarter ended […]

Stock market today: live updates

October 29, 2024 | angela | Leave a Comment

Traders work on the floor of the New York Stock Exchange during morning trading in New York City. Michael M. Santiago | Getty Images The S&P 500 was flat on Tuesday as investors prepared for key corporate earnings releases, including reports from big-name technology companies. The broad market index hovered just above the flatline during […]

The plunge in ASML shares shaves over $50 billion from the Dutch chip giant's value

October 16, 2024 | angela | Leave a Comment

The plunge in ASML shares shaves over billion from the Dutch chip giant's value

An ASML symbol is displayed on a smartphone and an ASML chip is visible in the background. Photo only | Photo only | Getty Images Shares in the semiconductor equipment manufacturer ASML fell 16% on Tuesday after the Dutch company reported financial results a day early and gave disappointing sales forecasts. According to CNBC calculations […]

AMD launches AI chip MI325X to compete with Nvidia's Blackwell

October 10, 2024 | angela | Leave a Comment

AMD On Thursday, the company launched a new artificial intelligence chip that directly targets Nvidia's data center graphics processors, known as GPUs. The Instinct MI325X, as the chip is called, will begin production before the end of 2024, AMD said Thursday during an event to announce the new product. When AMD's AI chips are viewed […]

We see a driver for AMD shares – and find out what's behind the ongoing market rally

October 10, 2024 | angela | Leave a Comment

Every weekday, CNBC Investing Club with Jim Cramer publishes Homestretch – an actionable afternoon update just in time for the final hour of trading on Wall Street. Markets: The S&P 500 rose to a new record high on Wednesday. There was no specific trigger for the move, but we see a continuation of a theme […]