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AMD beats on Q2 earnings estimates, but also reports massive capex spend
Yahoo Finance Video20h agobullishVIDEO
AMD beats on Q2 earnings estimates, but also reports massive capex spend

AMD (AMD) reported second quarter results on Tuesday after the closing bell. Adjusted earnings per share (EPS) came in at $1.66 (compared to analyst estimates of $1.62), and revenue came in at $11.54 billion (compared to analyst estimates of $11.31 billion). Yahoo Finance's Josh Lipton takes a closer look at the breaking numbers, including capex.

Core Scientific Stock Jumps on AMD Data-Center Deal
The Wall Street Journal8d agobullish
Core Scientific Stock Jumps on AMD Data-Center Deal

Shares in AI infrastructure provider Core Scientific jumped around 5% in premarket trading after it announced a deal with chip maker AMD. The deal's initial phase would see AMD use 500 megawatts of Core Scientific data-center capacity by 2027.

Is Wall Street buying Intel's comeback story after blowout Q2 earnings?
Yahoo Finance Video12d agobullishVIDEO
Is Wall Street buying Intel's comeback story after blowout Q2 earnings?

Intel stock (INTC), which initially surged following its second quarter earnings yesterday, is trying to hold onto some of its gains Friday morning. Morning Brief Host Julie Hyman is joined by Yahoo Finance Senior Business Reporter Ines Ferré and Interactive Brokers chief strategist Steve Sosnick to discuss Intel's earnings release, outlook, and performance of its various business segments.

Exclusive-Intel, AMD sign long-term server CPU deals with Chinese clients as prices surge, sources say
Reuters13d agobullish
Exclusive-Intel, AMD sign long-term server CPU deals with Chinese clients as prices surge, sources say

U.S. chipmaking giants Intel and Advanced Micro Devices are signing longer-term purchase commitments with Chinese server customers for data-centre processors as prices ‌surge, two people familiar with the talks said. The move highlights a broader consequence of the ‌AI boom: demand has spread beyond AI accelerators to memory, networking gear and server processors, giving suppliers greater leverage to seek long-term purchase ​deals. AI data centres require not only Nvidia-style graphics processors (GPUs) but also large numbers of central processing units (CPUs) to support servers, storage, networking and inference workloads.