Super Micro Rises, AMD tumble on Earnings
Today's biggest winners and losers in the stock market. On this episode of Stock Movers: Advanced Micro Devices (AMD) shares tumble after the chipmaker’s sales forecast underwhelmed investors, a sign it’s not making the AI inroads that Wall Street anticipated. First-quarter sales will be roughly $9.8 billion, plus or minus $300 million, the company said in a statement Tuesday. Analysts had estimated $9.39 billion on average, but some projections topped $10 billion, according to data compiled by Bloomberg Super Micro Computer (SMCI) shares rise after the company gave a forecast for…
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