AMD Slides, SpaceX Falls, Eli Lilly Jumps as Obesity Drug Boom Shows No Sign of Slowing
On this episode of Stock Movers: Advanced Micro Devices (AMD) shares slide. AMD fell after the company gave an underwhelming sales outlook, a sign shareholders expected more of a return from the global expansion of AI data centers. Third-quarter revenue will be $13 billion, plus or minus $300 million, according to the chipmaker, though some Wall Street estimates were well north of $13 billion. SpaceX (SPCX) shares fell after the company disclosed higher-than-expected spending on its artificial intelligence business. The company’s capital expenditures soared to $28.5 billion in the first…
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