Advanced Micro Devices’ CEO Lisa Su shut down concerns over Big Tech’s elevated spending during an interview with CNBC’s “Squawk Box” on Wednesday and said investing in more computing will accelerate the pace of innovation.”I don’t think it’s a big gamble,” she said. “I think it’s the right gamble.”Many of AMD’s hyperscaler customers over the last 12 months have beefed up spending as the technology reaches an “inflection point” and companies can see the return on that spending, Su added.Su’s comments come as tech’s megacaps announced more than $380 billion in AI spending in their latest earnings reports as the…
Author: usaeverydaylife
Check out the companies making headlines before the bell. Advanced Micro Devices — The chipmaker jumped nearly 6% in reaction to robust long-term growth targets made at its Investor Day , including an internal forecast that the company’s data center revenues will jump 60% in the next three to five years. BILL Holdings — Bloomberg reported early Wednesday that the financial operations firm is considering a potential sale to a larger industry rival or private equity firm, pushing up BILL shares 12%. Clearwater Analytics — The stock rose 9% after Bloomberg reported early Wednesday that the cloud-native platforms firm is…
Here are Wednesday’s biggest calls on Wall Street: KeyBanc upgrades AT & T to overweight from sector weight KeyBanc said investors should buy the dip. “We upgrade AT & T to OW with a $30 PT.” Read more. Barclays initiates Carvana as overweight Barclays is bullish on the used car company. “However, we believe CVNA is well-positioned to outpace the market given its investments to make buying online easier and more convenient (i.e., same or next-day delivery), streamline sourcing and logistics, and aggressive vehicle procurement.” Deutsche Bank upgrades Sea Ltd to buy from hold Deutsche upgraded the Singapore tech conglomerate…
Shortly after the opening bell, we will be selling 150 shares of Disney at roughly $115. Following Wednesday’s trade, Jim Cramer’s Charitable Trust will own 750 shares, decreasing its weighting to about 2.2% from about 2.7%. We’re letting go of some Disney shares ahead of its earnings report on Thursday before the opening bell. We’re also downgrading our rating to a 2. We’re not making a call on the upcoming results, but we would like to have more wiggle room in the position just in case the stock trades down when the numbers come out. Many analysts, in their previews…
Brian Armstrong, chief executive officer of Coinbase Global Inc., speaks during the Messari Mainnet summit in New York, on Thursday, Sept. 21, 2023.Michael Nagle | Bloomberg | Getty ImagesCoinbase is following Tesla out of Delaware and into Texas.Paul Grewal, Coinbase’s chief legal officer, wrote in a Wall Street Journal op-ed on Wednesday that the crypto exchange is moving its state of incorporation, a year after Elon Musk did the same with his electric vehicle maker. Musk also reincorporated his rocket maker SpaceX from Delaware to Texas.”Delaware’s legal framework once provided companies with consistency. But no more,” Grawal wrote, pointing to…
Wells Fargo walked away from Advanced Micro Devices ‘ latest analyst day feeling even more bullish on the stock. The bank reiterated its overweight rating and hiked its price target to $345 from $300, implying an upside of more than 45%. Shares were up more than 5% after CEO Lisa Su predicted compound annual revenue growth of about 35% over the next three-to-five years. She cited an “insatiable” demand for artificial intelligence chips as a catalyst. AMD YTD mountain AMD YTD chart The company’s AI data center business is expected to grow at around 80% per year in the same…
Traders work on the floor of the New York Stock Exchange (NYSE) on November 07, 2025 in New York City.Spencer Platt | Getty ImagesStock futures rose on Wednesday, marked by a rebound in technology stocks following their sell-off in the prior day, as the names continue to seesaw in what has been a volatile month for the trade.S&P 500 futures and Nasdaq 100 futures climbed 0.3% and 0.6%, respectively. Futures tied to the Dow Jones Industrial Average added 104 points points, or 0.2%.In the premarket Wednesday, Advanced Micro Devices shares popped more than 5% on the heels of CEO Lisa…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailRyan Jones, Flighty CEO, joins ‘Squawk Box’ to discuss the how the company is able to provide live flight tracking and alerts to customers before airlines, impact of the government shutdown on air travel, and more. Source link
KeyBanc Capital Markets sees growth ahead for AT & T . The investment firm upgraded the telecommunications giant to overweight from sector weight. Its $30 price target offers upside of approximately 19% from AT & T’s Tuesday close. Shares of AT & T have added 11% this year, but have tumbled 15% since hitting their 2025 high in September. Analyst Brandon Nispel said AT & T looks even more attractive after the pull back, especially combined with the stock’s solid capital return. T YTD mountain T YTD chart “We think the recent pullback was driven by competitive-related concerns in Wireless…
An aerial view of a housing development on Aug. 8, 2025 in Las Vegas, Nevada.Justin Sullivan | Getty ImagesAs the housing market heads into its traditionally slowest season, homebuyers are making one last gasp, likely due to more supply on the market and softening prices.Mortgage applications to purchase a home rose 6% last week to their strongest pace since September, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was 31% higher than the same week one year ago.This came despite the fact that the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $806,500 or…
