... season has been better than expected so far. Among the 275 companies in the S&P 500 that have reported earnings until Friday, 80.4% have surpassed Wall Street's expectations.
Drugmakers Pfizer Inc and Moderna Inc, coffee chain
, chipmaker AdvancedMicroDevices Inc and breakfast cereal maker Kellogg Co are some of the companies reporting results this week.
Activision Blizzard climbed 2.6% after
said Berkshire Hathaway Inc has taken a 9.5% stake in the game maker, Call of Duty.
... current-quarter adjusted profit of 70 cents per share on revenue of about $18 billion, less than analysts' average estimate of 83 cents per share on $18.38 billion.
Intel is facing increasing competition in the data center space, as peers Nvidia Corp and AdvancedMicroDevices are ramping up their chip production to cater to the booming market, due to growth in the metaverse,
applications and cloud computing.
In the quarter, revenue from Intel's higher-margin data center and
business rose 22 per cent to $6 billion,...
500 reporting results through Thursday beating Wall Street expectations. Typically, only 66% of companies beat estimates.
After the chipmaker predicted third-quarter revenue above analyst expectations,
jumped 5%. Peers Nvidia Corp and AdvancedMicroDevices Inc. AMD.O climbed more than 1% each.
Caterpillar Inc fell 4.8% as it indicated that profit margins in the current quarter were likely to be pressured by surging costs, while Amgen Inc fell 5.4% after the U.S. Internal Revenue Service is seeking ...
... machines, is spreading to other applications, as a result of the drop in prices of these units.
After prices dropped, analysts at
to neutral. The stock of
has fallen about 31 per cent this year, while the rival AdvancedMicroDevices has fallen 37 per cent compared to a 22 per cent drop on the Philadelphia SE Semiconductor Index. Both companies didn't want to say anything.
prices are still being sold at a premium, but a smaller one. Christopher Rolland, a Susquehanna analyst,...
... of a drop in prices of gaming machines, which are the brains of gaming machines, and are spreading to other uses.
After prices dropped, analysts at Baird downgraded GPU maker Nvidia to neutral. The Nvidia stock is down about 31% this year, and rival AdvancedMicroDevices has fallen about 37% compared to a 22% drop on the Philadelphia SE Semiconductor Index. Both companies didn't want to say anything.
GPU prices are still being sold at a premium, but a smaller one. Susquehanna analyst Christopher Rolland said earlier ...
AdvancedMicroDevices Inc. plans to buy chip and software startup Pensando Systems Inc. for $1.9 billion, returning to the acquisition playbook shortly after closing its biggest-ever transaction eclipse.
plans to buy chip and software ...
Bloomberg- AdvancedMicroDevices Inc. is acquiring closely held Pensando Systems Inc. to add chips and software used to route information inside computer systems.
Bloomberg- AdvancedMicroDevices Inc. is acquiring closely held
Pensando Systems Inc.
to add chips and software ...
... signs of AMD at the China Digital Entertainment Entertainment Entertainment Expo and Conference, also known as ChinaJoy, in Shanghai.
There are signs of AMD at the China Digital Entertainment Expo and Conference, also known as ChinaJoy, in Shanghai.
AdvancedMicroDevices said on Monday it would acquire cloud company
for $1.9 billion to bolster its data center products and capitalize on booming demand from cloud and enterprise sectors.
AMD said that the deal value does not include working capital and ...