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via finance.yahoo.comTech & AI

AMD earnings beat and strong guidance show big tech demand for AI chips

FROM THE WIRE · FINANCE.YAHOO.COM

The chip maker reports better-than-expected earnings for the third quarter and issues strong guidance for the rest of the year. Continue Reading

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishStrong AI chip guidance can support the semiconductor sector and big tech names.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01AMD reported third-quarter earnings above expectations.
  2. 02The company issued strong guidance for the rest of the year.
  3. 03Big tech companies continue to buy AI chips in growing volumes.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Advanced Micro Devices, Inc.AMDStock483.90 USDMarket closedtoday +3.65%Positive NVIDIA CorporationNVDAStock206.69 USDMarket closedtoday +2.29%Positive Broadcom Inc.AVGOStock332.13 USDMarket closedtoday +3.07%Positive Meta Platforms, Inc.METAStock621.03 USDMarket closedtoday +2.36%Neutral Microsoft CorporationMSFTStock520.99 USDMarket closedtoday +2.74%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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