Lisa Su, president and CEO of AMD, talks about the AMD EPYC processor during a keynote address at the 2019 CES in Las Vegas, Nevada, U.S., January 9, 2019. Steve Marcus | ReutersShares of Advanced Micro Devices slumped more than 5% after the chipmaker’s earnings fell short of earnings expectations and raised concerns about the timing of a restart in China shipments.The Santa Clara, California-based company reported adjusted earnings of 48 cents per share, falling short of the 49 cents per share expected by analysts polled by LSEG.CEO Lisa Su singled out the hit from U.S. controls on artificial intelligence chips…
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Apple CEO Tim Cook, left, and President Donald Trump speak to the press during a tour of the Flextronics computer manufacturing facility in Austin, Texas, where Apple’s Mac Pros are assembled, Nov. 20, 2019.Mandel Ngan | AFP | Getty ImagesApple CEO Tim Cook will join President Donald Trump on Wednesday for an event touting what the White House calls a new $100 billion investment commitment by the tech giant in the U.S.The announcement in the Oval Office, set for 4:30 p.m. ET, includes Apple’s commitment to a new “American Manufacturing Program,” a White House official confirmed to CNBC.With the new…
President Donald Trump is taking a victory lap over the foreign investment pledges he has secured as part of several recent trade deals, variously describing the multi-billion dollar commitments as a “signing bonus” and “seed money” and a “gift.””If you look at Japan, we’re taking in $550 billion and that’s like a signing bonus that a baseball player would get,” Trump said Tuesday on CNBC’s “Squawk Box.”Of the European Union, he said, “They brought down their tariffs, so they paid $600 billion and because of that, I reduced their tariffs from 30% down to 15%.””They gave me $600 billion, and that’s a…
The logo of Shopify is seen outside its headquarters in Ottawa, Ontario, on Sept. 28, 2018.Chris Wattie | ReutersShopify shares soared 20% Wednesday after the company topped analysts’ estimates for the second quarter, and gave rosy guidance for the third quarter.Here’s how the company did, compared with estimates from analysts polled by LSEG:Earnings per share: 35 cents adj. vs. 29 centsRevenue: $2.68 billion vs. $2.55 billionSecond-quarter sales surged 31% year over year to $2.68 billion, an acceleration from a year ago, when revenue expanded roughly 20%.The Canadian e-commerce company also offered third-quarter guidance that surpassed expectations. Shopify said it expects…
Sam Altman, CEO of OpenAI attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, U.S., on July 8, 2025. David A. Grogan | CNBCOpenAI is in talks with investors about a potential stock sale at a valuation of roughly $500 billion, according to two sources with knowledge of the matter.The talks are in early stages and would involve a secondary sale with shares sold by current and former employees, said the people, who asked not to be named because the discussions are confidential. Thrive Capital, an investor in…
It’s time to move to the sidelines on Snap following a second-quarter miss , according to Citizens. Citizens analyst Andrew Boone downgraded the social media stock to market perform from market outperform. The analyst also removed his prior price target of $12 per share. The stock plunged 18% in Wednesday’s premarket after its second-quarter revenue missed expectations. The company’s top line came in at $1.34 billion, while analysts polled by LSEG expected sales of $1.35 billion. The company’s global average revenue per user came out to $2.87, missing expectations of $2.90. SNAP YTD mountain SNAP YTD chart One headwind the…
Check out the companies making headlines in premarket trading. McDonald’s — Shares of the fast food giant gained more than 4% after second-quarter results surpassed analyst estimates. McDonald’s earned $3.19 per share after adjustments on revenue of $6.84 billion. Analysts polled by LSEG were looking for a profit of $3.15 per share and revenue of $6.7 billion. Walt Disney — The media and entertainment giant slipped more than 1% on the back of mixed quarterly results . Revenue for its fiscal third quarter came in at $23.65 billion, short of the $23.73 billion estimate from LSEG. Adjusted earnings were $1.61…
U.S. President Donald Trump speaks to members of the media on the South Lawn of the White House in Washington, U.S., on Friday, Aug. 1, 2025.Aaron Schwartz | Bloomberg | Getty Images U.S. President Donald Trump joined CNBC’s “Squawk Box” Tuesday for a lengthy interview that touched on tariffs, the Federal Reserve, the state of Russia’s economy and being rejected as a customer by JPMorgan Chase and Bank of America.For those pressed for time and want a very broad TL;DR: Trump appears to be digging in on his policies.With modified country-specific “reciprocal” tariffs due to start Aug. 7 — and…
There’s a rosy outlook ahead for Hologic , according to RBC Capital Markets. The bank upgraded shares of the medical technology provider to outperform from sector perform. Analyst Conor McNamara accompanied the move by raising his price target to $87 per share from $72. Shares of Hologic have slipped 6% this year, but McNamara’s revised price forecast implies an upside ahead of 28%. HOLX YTD mountain HOLX YTD chart “Our new price target assumes HOLX returns to historic multiples seen when the company was growing revenue MSD [mid-single digit] and beating / raising,” the analyst wrote. McNamara said he believes…
Traders work on the floor of the New York Stock Exchange during afternoon trading on August 1, 2025 in New York City. Michael M. Santiago | Getty ImagesStock futures rose on Wednesday as investors analyzed the latest batch of corporate earnings following a losing session on Wall Street.Futures linked to the S&P 500 were up 0.2%, and Dow Jones Industrial Average futures traded 131 points higher, or 0.3%. Nasdaq 100 futures ticked higher about 0.1%.Among the outperformers, McDonald’s jumped 3% after the fast-food restaurant saw its second-quarter results beat the Street’s estimates on the top and bottom lines. Same-store sales…
