Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
Advanced Micro Devices (AMD) shares tumble after the chipmaker’s sales forecast underwhelmed investors, a sign it’s not making the AI inroads that Wall Street anticipated. First-quarter sales will be roughly $9.8 billion, plus or minus $300 million, the company said in a statement Tuesday. Analysts had estimated $9.39 billion on average, but some projections topped $10 billion, according to data compiled by Bloomberg
Super Micro Computer (SMCI) shares rise after the company gave a forecast for sales in the current quarter that signaled strong demand for its gear to run AI data centers. Revenue will be at least $12.3 billion in the period ending March 31, the San Jose, California-based company said Tuesday in a statement.
Applovin (APP) and Unity Software (U) shares declined as concerns about disruption related to AI services continue to spread. The drop follows a report from AdExchanger about the startup CloudX using AI agents to focus on mobile ad monetization
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