By Elias Schisgall
Advanced Micro Devices reported a strong first quarter, driven by continued artificial-intelligence data-center demand. Shares rose 15%, to $407.00, after the bell on Tuesday.
Super Micro Computer reported sales more than doubling, also driven by the booming data-center business. The stock jumped 18%, to $32.67, following the market close.
Arista Networks reported a higher profit and a rise in revenue in the first quarter. However, shares fell 12%, to $150.32
Freshworks said it would cut about 11% of its workforce, roughly 500 employees, and will focus on using AI to automate its business. Shares fell 7.5%, to $8.50.
Write to Elias Schisgall at elias.schisgall@wsj.com
(END) Dow Jones Newswires
May 05, 2026 19:05 ET (23:05 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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