Advanced Micro Devices Inc. (AMD) shares jumped more than 10 per cent in early trade on Wednesday after the chipmaker gave a bullish revenue forecast on high demand for its new artificial intelligence processors. At 11:45 a.m. EDT, the AMD shares were at $144.93, up $6.46 or 4.66 per cent. […]
chip stocks
Intel Corp. shares bucked the chips rout on Wednesday, rising as much as 8.2 per cent on speculations that the company could benefit from policies under either a Biden or Trump administration. Chip stocks plunged on worries over trade curbs on companies giving China access to advanced semiconductor technology. The […]
French stocks led a rebound in European stocks on Wednesday, as the country’s political parties maneuvered to block the far-right from obtaining an absolute majority in Sunday’s vote. The CAC 40 Index rose 1.6% as of 1:09 p.m. in Paris, with heavyweights such as LVMH and BNP Paribas SA topping […]
FedEx leaps after upbeat profit forecast * Nvidia falls, drags chip stocks * Rivian up on Volkswagen joint venture * Amazon crosses $2 trillion in market value By Ankika Biswas, Lisa Pauline Mattackal and Carolina Mandl June 26 – Major U.S. stock indexes closed with modest gains on Wednesday after […]
US stocks edged higher on Thursday, driven by strong gains in chip stocks after Nvidia’s upbeat earnings. Nvidia shares rallied 9% on Thursday as its bumper revenue forecast boosred investor confidence in the AI-driven boom in chip demand. ALSO READ: Nvidia profits soar over 600%, revenues above 200% as shares top […]