Written by Max A. Cherny and Shafi Mehta (Reuters) – Superior Micro Units on Tuesday forecast a powerful fourth quarter and expects to have AI gadgets that may problem Nvidia chips by then. Shares are up about 3.5% in after-hours buying and selling. AMD CEO Lisa Su mentioned that AMD is getting ready to extend manufacturing of MI300 AI chips within the fourth quarter. The MI300 AI accelerator chips are designed to compete with the superior H100 chips already being bought by Nvidia, though they’re briefly provide. Su mentioned buyer curiosity within the firm’s MI300 sequence chips is “very excessive”

Starbucks (SBUX) posted combined Third quarter financial results On Tuesday after the market closes. The Seattle-based espresso big topped earnings, however posted a loss in income and same-store gross sales. Adjusted earnings per share got here in at $1.00, barely above anticipated, at $0.95. Income elevated 12% to $9.2 billion, however that was decrease than Bloomberg’s estimate of $9.3 billion. Identical-store gross sales additionally misplaced floor, up 10%, in comparison with an estimate of a rise of 11.12%. Worldwide gross sales development boosted same-store outcomes. Nearly according to expectations, worldwide same-store gross sales elevated 24%, in comparison with estimates of