US stock indexes are poised to reach new record highs as oil prices stabilize after a recent sharp decline, easing inflation concerns and boosting risk appetite. Dow Jones and S&P 500 futures rose 0.4%, while Nasdaq futures gained 0.2%, despite significant pre-market drops in SpaceX and AMD shares. SpaceX's shares fell over 10% after its first earnings report revealed heavy AI spending and plans to expand its computing capacity, causing investor caution. Meanwhile, Nvidia shares rose on news that SpaceX will use its chips exclusively for AI infrastructure. Investors await a busy earnings day featuring major companies like Eli Lilly, Disney, and Uber, alongside key economic data on private payrolls and the ISM services survey, which will provide further insight into the US economy's resilience amid falling oil prices and inflation expectations.
Advanced Micro Devices (AMD) reported a strong second quarter, driven by its EPYC processors and potential growth from Helios and new Instinct GPUs. Despite solid results, the stock fell about 8% after hours, reflecting investor concerns that the goo...
Advanced Micro Devices (AMD) reported strong profit and revenue growth in the first half of fiscal 2026, led by its Data Center segment which now accounts for over half of total revenue. However, the Client & Gaming and Embedded segments showed stagn...
AMD shares fell 8.8% in after-hours trading despite beating revenue and EPS expectations with $11.54 billion in sales and $1.66 EPS. The company also forecasted $13 billion in the next quarter, above estimates, and expects data center sales to double...
AMD's stock fell 8.2% in premarket trading despite reporting second-quarter revenue of $11.54 billion, beating analyst expectations of $11.28 billion. The company's growth was driven by a 107% increase in data center sales, fueled by CPU and GPU dema...
AMD reported $11.5 billion in revenue, up 50% year-on-year, beating expectations with strong data center growth doubling to $6.7 billion. However, shares dropped nearly 9% as investors worry about AMD's dependence on a small group of major AI clients...
