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Intel sales, profit forecast beat estimates, boosts spending plans on AI boom
Reuters29d agobullish
Intel sales, profit forecast beat estimates, boosts spending plans on AI boom

Intel forecast quarterly profit and revenue above estimates on Thursday, boosting its spending plans over the next two years as an AI data center buildout increases demand for its central processing units (CPUs). Shares of Intel, which ‌closed down 2.3% on Thursday, rose 5% in after-hours trading. Adjusted profit is expected to be 38 cents per share, compared with analyst estimates of 27 cents.

Could AMD's new Helios AI rack system push it to outperform Nvidia?
Yahoo Finance Video29d agobullishVIDEO
Could AMD's new Helios AI rack system push it to outperform Nvidia?

Advanced Micro Devices (AMD) unveiled its latest AI infrastructure product, the Helios rackscale systems for data centers. Yahoo Finance Tech Editor Dan Howley outlines AMD's latest raft of microprocessors and other products that aim to put it in direct competition with chip competitor Nvidia (NVDA). AMD is currently scheduled to report second quarter earnings on Tuesday, August 4, well ahead of Nvidia's earnings release expected out on Wednesday, August 26.

Super Micro’s 20% surge reveals what AI investors want
TheStreet29d agobullish
Super Micro’s 20% surge reveals what AI investors want

Super Micro Computer (SMCI) just offered investors a reason to overlook its stalling revenue growth. Shares of the artificial-intelligence server maker jumped more than 20% after it gave a preliminary update on its fiscal fourth quarter. The sharp uptick came after surprise upward revisions to ...

Why Is HIMS Stock Rallying 13% Today?
Stocktwits29d agobullish
Why Is HIMS Stock Rallying 13% Today?

An FDA advisory panel on Thursday recommended adding the peptide BPC-157 to a list that would allow compounding pharmacies to prepare it more freely for patients.

Time to Jump In? Raymond James Is Bullish on These 2 Stocks
TipRanks29d agobullish
Time to Jump In? Raymond James Is Bullish on These 2 Stocks

Geopolitics have been making headlines again – war in the Middle East and uncertainty in the price of oil are stirring up the headwinds. Yet, the S&P 500 has remained resilient, supported by strong corporate earnings. During the first-quarter earnings season, tech companies helped drive overall year-over-year earnings growth of 28.6%, the strongest quarter since late 2021, and expectations remain high for the second quarter, with FactSet forecasting earnings growth above 20% for a second consecu