Page 29 - Super Micro Computer News Today

AMD and Super Micro Computer earnings disappointed investors who have piled into the sector on hopes rising AI investments would boost demand.

Stocks are drifting as Wall Street waits to hear from the Federal Reserve about where interest rates may be heading. The S&P 500 fell 0.3% Wednesday. The Dow Jones Industrial

Starbucks and CVS stock dropped after weak earnings reports

These are the stocks posting the largest moves in midday trading.

OPENING CALL Stock futures traded lower as Wall Street awaited a decision on interest rates from the Federal Reserve. In his press conference, Jerome Powell is expected to signal that the... -May 01, 2024 at 06:12 am EDT - MarketScreener

A negative sentiment might linger on Wall Street on Wednesday, as evidenced by stock futures, after Advanced Micro Devices, Inc.‘s (NASDAQ:AMD) 

Executives of both AMD and Super Micro Computer said supply constraints were hampering their efforts to capitalize on demand for equipment powering the boom in generative AI

Super Micro Computer shares plunged on Wednesday after the server company reported third-quarter revenue that slightly missed estimates.

Despite Wednesday's pullback, major Wall Street banks are optimistic about Super Micro's long-term prospects for the most part.

Super Micro Computer stock fell Wednesday, while Pinterest soared despite both beating earnings expectations. Amazon stock was up, AMD was falling.