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AMD falls as investors seek bigger AI payoff
Reuters6h agobearish
AMD falls as investors seek bigger AI payoff

Advanced Micro Devices shares declined before the bell on Wednesday as the chipmaker's stronger-than-expected revenue forecast ‌fell short of lofty expectations and investors sought clearer ‌signs that a multibillion-dollar AI spending boom will translate into faster growth. The move underscores elevated expectations facing AMD as it aims to challenge Nvidia's dominance amid intensifying competition with Intel racing to ‌regain technology leadership after ⁠strong results. "We suspect expectations had moved higher following Intel’s results a couple of weeks ago, and the ⁠buyside already has a fairly bullish outlook," said Stacy Rasgon, analyst at Bernstein.

Bloomberg3d agobearish
Banks Offload Risk from Leveraged ETFs With Exotic ‘Crash Puts’

(Bloomberg) -- Leveraged ETFs that offer the tantalizing prospect of doubling or tripling the daily returns of an individual stock are famously risky for investors who buy them. Most Read from BloombergTrump Says US to Hold Off Iran Attack If Deal AgreedSingapore's Gated Island for the Rich Is Marred by Decayed HomesIndia’s Family Offices Embrace Profit-Sharing to Attract Top TalentBessent Joins Japan to Help Reverse Months of Yen LossesSaudi Prince Concerned Over Trump’s Iran Strike Plan: Axios

Equinix shares fall on soft third-quarter forecast
Reuters6d agobearish
Equinix shares fall on soft third-quarter forecast

Equinix shares fell 3% on Wednesday as soft third-quarter forecast overshadowed a ‌raised full-year and long-term outlook. Here are some ‌details: • For the third quarter, Equinix expects revenue of $2.53 billion ​to $2.58 billion, the midpoint of which is below analysts' estimate of $2.58 billion. Equinix raised its forecast for 2026 revenue to a range of $10.21 to $10.29 billion, from $10.14 ‌billion to $10.24 billion.

SK Hynix posts sixfold rise in Q2 profit on AI chip demand, misses forecasts
Reuters7d agobearish
SK Hynix posts sixfold rise in Q2 profit on AI chip demand, misses forecasts

South Korean chipmaker SK Hynix reported a more than sixfold ‌increase in quarterly operating profit to ‌a record high on Wednesday, driven by robust demand ​for advanced memory chips as big technology firms ramped up spending on AI data centres. The Nvidia supplier reported an operating profit of 60.5 ‌trillion won ($41.62 billion) ⁠for the April-June period, compared with 9.2 trillion won a year earlier. But it missed a 64 trillion won forecast by LSEG SmartEstimate, which is weighted toward ​analysts who ​are more consistently accurate.

SK Hynix's Record Profit Misses Investors' Lofty AI Expectations
Bloomberg7d agobearish
SK Hynix's Record Profit Misses Investors' Lofty AI Expectations

(Bloomberg) -- SK Hynix Inc.'s quarterly profit rose a smaller-than expected 557%, adding to heightened fears that an AI boom that has propelled the semiconductor industry may be decelerating. Most Read from BloombergChip Rout Deepens on Circular Funding, China Competition FearsNvidia's $750 Billion in Deals Reignite Circular AI FearsApple Set to Make Big Smart Home Push With Siri AI at CenterCitadel Securities Sees Warsh Delivering Surprise Fed HikeSpaceX Rebounds After Briefly Plunging 20% Bel

Bloomberg7d agobearish
SK Hynix’s Record Profit Misses Investors’ Lofty AI Expectations

(Bloomberg) -- SK Hynix Inc.’s quarterly profit rose a smaller-than expected 557%, adding to heightened fears that an AI boom that has propelled the semiconductor industry may be decelerating. Most Read from BloombergChip Rout Deepens on Circular Funding, China Competition FearsNvidia’s $750 Billion in Deals Reignite Circular AI FearsApple Set to Make Big Smart Home Push With Siri AI at CenterCitadel Securities Sees Warsh Delivering Surprise Fed HikeSpaceX Rebounds After Briefly Plunging 20% Bel

What’s Behind the Selloff in Chip Stocks?
The Wall Street Journal8d agobearish
What’s Behind the Selloff in Chip Stocks?

Asian chip stocks sold off today, pushing South Korea’s Kospi index 10% lower and Japan’s Nikkei 4% in the red. That followed a tough session for U.S. chipmakers that looks set to extend to today, with Intel, Micron and others sliding premarket.