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AMD forecasts quarterly revenue above expectations as AI chip demand stays strong

AMD forecasts quarterly revenue above expectations as AI chip demand stays strong

May 5 (Reuters) - Advanced Micro Devices forecast second-quarter revenue above Wall Street expectations on Tuesday, betting on resilient demand for its data-center chips as cloud providers accelerate spending on artificial intelligence infrastructure.
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Jim Cramer Defends AMD Amid Downgrade, Predicts Stock Upsurge

Jim Cramer Defends AMD Amid Downgrade, Predicts Stock Upsurge

Jim Cramer Defends AMD Amid Downgrade, Predicts Stock Upsurge
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Palantir to Report Q1 Earnings Amidst AI Market Challenges

Palantir to Report Q1 Earnings Amidst AI Market Challenges

Palantir to Report Q1 Earnings Amidst AI Market Challenges
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Ferrari Exceeds Q1 Expectations Ahead of First Electric Vehicle Launch

Ferrari Exceeds Q1 Expectations Ahead of First Electric Vehicle Launch

Ferrari Exceeds Q1 Expectations Ahead of First Electric Vehicle Launch
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U.S. Stock Market Faces Key Tests with Upcoming Earnings Reports

U.S. Stock Market Faces Key Tests with Upcoming Earnings Reports

U.S. Stock Market Faces Key Tests with Upcoming Earnings Reports
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Alphabet closes in on Nvidia's spot as world's biggest company

Alphabet closes in on Nvidia's spot as world's biggest company

By Shashwat Chauhan May 5 (Reuters) - Alphabet is on the cusp of overtaking Nvidia as the world's most valuable company, riding on a record stock rally fueled by its artificial intelligence efforts and booming cloud business.
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Micron Technology's Valuation Debated Amid AI-Driven Growth

Micron Technology's Valuation Debated Amid AI-Driven Growth

Micron Technology's Valuation Debated Amid AI-Driven Growth
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AMD Set to Announce Higher Q1 Earnings Amid Analyst Optimism

AMD Set to Announce Higher Q1 Earnings Amid Analyst Optimism

AMD Set to Announce Higher Q1 Earnings Amid Analyst Optimism
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Super Micro Misses Q1 Sales Expectations but Stock Rises on Positive Outlook

Super Micro Misses Q1 Sales Expectations but Stock Rises on Positive Outlook

Super Micro Misses Q1 Sales Expectations but Stock Rises on Positive Outlook
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Paramount Meets Q1 2026 Revenue Targets Despite Streaming Subscriber Shortfall

Paramount Meets Q1 2026 Revenue Targets Despite Streaming Subscriber Shortfall

Paramount Meets Q1 2026 Revenue Targets Despite Streaming Subscriber Shortfall
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Europe shares inch lower as tariff threats drag automakers; investors assess Mideast progress

Europe shares inch lower as tariff threats drag automakers; investors assess Mideast progress

By Twesha Dikshit May 4 (Reuters) - European shares ticked lower on Monday as European automakers came under pressure following threats of a U.S. tariff hike, while investors awaited signs of progress in reopening the Strait of Hormuz.  U.S.
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AI chipmaker Cerebras aims to raise $3.5 billion in US IPO

AI chipmaker Cerebras aims to raise $3.5 billion in US IPO

May 4 (Reuters) - Nvidia-rival Cerebras Systems, which makes chips for artificial intelligence workloads, is aiming to raise $3.5 billion in its U.S. initial public offering.