$Advanced Micro Devices(AMD)$ dips nearly 8% after guidance misses.Revenue increased by 18% year-over-year to $6.82 billion, surpassing market expectations of $6.71 billion. Adjusted EPS: $0.92, in line with market expectations.Revenue and gross margin slightly misses guidance.Looking ahead, the company expects Q4 revenue to be approximately $7.5 billion, slightly lower than analyst forecast is $7.55 billion. Although the company currently anticipates that sales of AI accelerators will exceed $5 billion this year, up from a previous forecast of $4.5 billion, some analysts and investors have been hoping for higher sales figures. AMD's projected adjusted gross margin for the Q4 is also slightly below market expectations.In summary,
The TOKEN2049 conference kicked off today, September 18, 2024, at Marina Bay Sands in Singapore. Ethereum co-founder Vitalik Buterin, one of the event’s key speakers, made waves with his keynote address on the current state of the crypto industry.
Eli Lilly is set to become the 1st trillion dollar health-care stock
Eli Lilly has been having major wins since their earnings. They’re drugs are no longer in shortage, Zepound was found to have cardiovascular benefits, and their once a week insulin is showing equal results to daily insulin injections.The cardiovascular benefits from zepound is huge because patient insurances are more likely to cover drugs like this, without patients having to try other medications since it’s an actual benefit that no other fat loss meds have and it help lower the risk of their patients being in the hospital, which will save insurance companies more money at the end.The weekly insulin is HUGE. The biggest complaints patients have is the amount of times they have to inject themselves throughout the day. The benefit this will have, is that both type 1 and type 2 diabetics can
Tom Lee remains optimistic about tech and Nvidia, stating that the rapid rebound in U.S. stocks also demonstrates the current market's strength.According to Seeking Alpha's August sentiment survey, 32% of investors believe $S&P 500(.SPX)$ will stay at the 5600 level, while 41.5% believe it will reach 5800 points.
Elon Musk announced an unscripted, no-limits interview with former U.S. President Donald Trump, set to be live-streamed on X at 8 p.m. Eastern Time on Monday. Musk described the conversation as "highly entertaining," while Trump, confirming the interview in a social media post, referred to it as a "major interview" scheduled for August 12.
The focus will be on the post-meeting press conference with Fed Chair Jerome Powell. Everyone will be listening for any hints about a widely anticipated September rate cut.
$CrowdStrike Holdings, Inc.(CRWD)$ There is a workaround but a lot of users won’t be able to do it so there will still be plenty of manual intervention required.The losses would be huge.
Microsoft’s cloud services have been restored after suffering an outage, the company said on Friday.The U.S. tech giant said late on Thursday that customers in the Central U.S. region may experience issues with multiple Azure services and its Microsoft 365 suite of apps.
It's impossible to comment on whether this was staged or truly a display of calm under pressure. This image truly has a poetic quality.Bullishn on $Sony(SONY)$ :)