Micron (MU) shares dropped almost 6% in premarket trading on Thursday after the chipmaker’s current-quarter revenue forecast failed to impress investors looking for outsized results powered by the AI demand surge. The chipmaker forecast fourth-quarter revenue of $7.6 billion, plus or minus $200 million, in line with analysts’ average estimate even as the company said […]
(Bloomberg) — Micron Technology Inc., the largest US maker of computer memory chips, declined in late trading after its forecast disappointed investors seeking a bigger payoff from artificial intelligence mania. Most Read from Bloomberg Fiscal fourth-quarter sales will be $7.4 billion to $7.8 billion, the company said in a statement Wednesday. While the average analyst […]
(Bloomberg) — Micron Technology Inc.’s $62 billion artificial intelligence-driven rally is about to face a test of whether it has jumped too far, too fast. Most Read from Bloomberg Shares of the chipmaker are up 65% this year. Much of that advance has come since Micron’s last quarterly report, with the stock hitting a record […]
Oliver Glasner replied with an emphatic “no” when asked if he expected his first three months in charge of Crystal Palace would result in his new side equalling a best-ever top-10 Premier League finish. The mood was sour in south London when the Austrian took over a relegation-threatened Eagles side in February, a nadir best […]
AMD Failed To Meet Lofty Expectations At the end of April, Advanced Micro Devices Inc (NASDAQ: AMD) failed to impress, unlike Nvidia Corporation (NASDAQ: NVDA) that has been crushing investor expectations on the back of soaring AI chip sales for quite a while. It’s no secret that AMD trails the undoubtable leader Nvidia that holds as much as 80% of […]
(Reuters) — Shares of Advanced Micro Devices and Super Micro Computer sank on Wednesday, sparking a selloff in chip stocks, after their earnings disappointed investors who have piled into the sector on hopes rising AI investments would boost demand. AMD was down more than 6% in premarket trading, and is on course to lose more […]
(Bloomberg) — Advanced Micro Devices Inc. shares declined as much as 9.1% in extended trading after the chipmaker gave a disappointing forecast for artificial intelligence processors, a lucrative market now dominated by Nvidia Corp. Most Read from Bloomberg The company projected that its MI300 lineup — a family of so-called AI accelerators — will generate […]
(Bloomberg) — Brazil’s top economic officials are at odds over a closely-watched fiscal target just days before the government must finalize its 2025 budget outline, according to two people with knowledge of the situation. Most Read from Bloomberg The Finance Ministry, led by Fernando Haddad, wants to maintain its original aim for a primary fiscal […]
QuantumScape (NYSE: QS) wants to revolutionize the electric vehicle (EV) battery charging experience. 2024 has marked a slowdown in the pace of growth for EV sales. Many consumers are hesitant to transition to electric cars due to charging concerns. But QuantumScape’s solid-state battery technology could address range anxiety and reinvigorate interest in EVs. Today, the […]
What happens when a “midsize” company like Super Micro Computer (SMCI) becomes worth $62 billion? It graduates to the S&P 500 big leagues — clearing room for new midcap giants. X Ten stocks in the S&P Midcap 400 index, including Erie Indemnity (ERIE), Celsius Holdings (CELH) and Vistra (VST), weigh in at market values of […]
EPA’s aggressive EV requirements are likely to ease up, according to reports. Automakers wouldn’t have to reach 60% EV production by 2030 under revised rules. EV demand has softened significantly in the past six months. President Joe Biden’s aggressive electric vehicle requirements are likely to ease up ahead of the 2024 presidential election, according to […]
It wasn’t the first tiny device to be implanted in a human brain. Still, Elon Musk’s announcement on Monday turned heads in the small community of scientists who have spent decades working to treat certain disabilities and conditions by tapping directly into the body’s nervous system. “Getting a device into a person is no small […]