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AMD’s beneficial properties, after surpassing the chipmaker’s estimates, made inroads into synthetic intelligence
(Bloomberg) — Superior Micro Units Inc. gained in late buying and selling after the chipmaker topped second-quarter estimates and noticed inroads in synthetic intelligence computing, placing it in nearer competitors with Nvidia Corp. Most Learn from Bloomberg Each gross sales and earnings beat analysts’ expectations final quarter, and AMD accelerators — a sort of processor that hastens the coaching of synthetic intelligence software program — are drawing extra curiosity from clients. This spurred optimism that the corporate might achieve floor on Nvidia and profit from the speedy unfold of synthetic intelligence throughout industries. CEO Lisa Su stated on a convention
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Apple is heading for its greatest third-quarter income decline since 2016 as iPhone gross sales slowed
By Yuvraj Malik (Reuters) – Apple is more likely to report a decline in iPhone gross sales within the April-June
Pinterest sees stronger margins as a rebound in promoting boosts quarterly outcomes
(Reuters) – Picture-sharing platform Pinterest beat Wall Avenue targets for second-quarter outcomes on Tuesday, forecasting increased margins for this 12
Lumen Applied sciences shares are dropping after incurring losses of almost $9 billion
(Reuters) – Lumen Applied sciences reported an enormous quarterly internet lack of $8.74 billion on Tuesday, hit by an impairment
AMD expects to launch a competitor to its Nvidia AI chip within the fourth quarter, and shares rise
Written by Max A. Cherny and Shafi Mehta (Reuters) – Superior Micro Units on Tuesday forecast a powerful fourth quarter
Starbucks lagged same-store gross sales estimates for the third quarter, and China sees gross sales develop by 46%
Starbucks (SBUX) posted combined Third quarter financial results On Tuesday after the market closes. The Seattle-based espresso big topped earnings,
Tupperware inventory is up 700% in two weeks. can collapse.
Tupperware is scheduled to report second-quarter earnings on Wednesday. Scott Olson/Getty Photos font dimension Tupperware manufacturers The inventory is up
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Apple earnings quickly, and analysts proceed to spice up value targets for shares