AMD is set to report earnings for the first quarter of its 2024 fiscal year on Tuesday, Apr. 30, after the close of the market. The chipmaker is up about 3% year-to-date, underperforming its rival Nvidia's 77% and the Semiconductor Philadelphia Index's 13%.
Consensus Estimates
•Analysts project AMD's Q1 revenue at $5.45 billion, up slightly from year-ago period.
•Earnings per share (EPS) are expected to be $0.17, compared with $-0....

Super Micro Computer, Inc. (SMCI) is gearing up to unveil its fiscal third-quarter results on April 30, riding the wave of its innovative offerings in AI, core computing, GPUs, storage, and 5G technology.
The company's robust AI-enhanced software pipeline is not just a testament to its technical prowess but also a key factor poised to cement its foothold in the explosive AI market. Moreover, the int...

On April 24, Meta reported its earnings result for the first quarter of FY24. It reported Q1 2024 revenues of $36.46 billion, beating the $36.14 billion estimate and marking a 27% year-over-year increase. EPS was $4.71, above the expected $4.32.
Disappointing Q2 Outlook Triggers Meta Stock Plunge
The primary factor troubling investors is the profit squeeze resulting from reduction in sales and increase in expenses. This directly affe...

Heightened geopolitical concerns and deflated hopes for lower interest rates kept major US stock indices under pressure. Last week, the Nasdaq fell 6.1%, the S&P 500 index fell by 3.2% and the VIX index rose by 9.1%. Among sectors, the Technology sector declined by 7.2%, the Utility industry rose by 1.56%. In volatile markets, diversification and the use of multiple instruments are crucial.
■ Seasonal ...

Tesla said it produced 433,371 vehicles in the first quarter, down from 440,808 in the same period a year ago. Deliveries fell to 386,810, down from 422,875 in the same period last year.
The decline in volumes in Q1 partially due to early phase of production ramp of updated model 3 at fremont factory and factory shutdowns.
Analysts expected deliveries of 449,080 vehicles in the quarter. A collection of 30 predictions, compiled ...