Today's Morning Movers and Top Ratings: AMD, SMCI, SBUX, CVS and More

$Amazon(AMZN.US)$ climbed 1.7% following the tech and e-commerce behemoth reporting first-quarter earnings that surpassed expectations. Nonetheless, the uptick was tempered due to a less-than-stellar revenue outlook, with the company predicting higher expenses tied to artificial intelligence investments.

$Pinterest(PINS.US)$ soared by 16% when the social media company predicted second-quarter sales that exceeded analysts' expectations from Wall Street.

$Pfizer(PFE.US)$ increased by 1% after the pharmaceutical company exceeded first-quarter forecasts and raised its earnings guidance for the full year.

$Advanced Micro Devices(AMD.US)$ dropped more than 7% after the semiconductor company projected AI chip revenues of about $4 billion for 2024, which is a $500 million hike from its earlier forecast for the same period. Nevertheless, this upward revision failed to satisfy the high expectations set by Wall Street analysts.

$Super Micro Computer(SMCI.US)$ tumbled by 13% when the company's projection of $4 billion in AI chip sales for 2024 did not meet the heightened anticipations.

$Starbucks(SBUX.US)$ plunged 12% following the release of their first-quarter earnings, which fell short of projections. The company's revenue also saw a decline, attributed to diminishing consumer demand in both North America and China.

$CVS Health(CVS.US)$ declined by 11% following the company's announcement of reduced profits in the first quarter and a cut in its earnings forecast for the entire year.

$The Kraft Heinz(KHC.US)$ dropped by 3.9% following the company's report of first-quarter sales that failed to meet predicted figures, amid signs that consumers burdened by inflation are resisting the increased prices of its goods.