- Reuters
AMD, Super Micro tumble as earnings fall short of lofty AI expectations
Its forecast of $4 billion in AI chip sales for 2024 fell short of Wall Street's lofty expectations, having been used to Nvidia's massive forecasts over the past year. Super Micro Computer, whose near-200% stock jump this year has outpaced even gains in Nvidia, tumbled over 11% as its third-quarter revenue missed estimates amid questions over the profitability of a new line of servers. 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.
- Investor's Business Daily
Dow Jones Futures: Stock Market Skids Into Fed; Amazon Rises Late As AMD, Super Micro Plunge
The market rally stumbled ahead of the Fed meeting. Amazon and AI plays Super Micro and AMD reported earnings late.
- Motley Fool
Artificial Intelligence (AI) Isn't Going Anywhere. Here Are 3 Stocks to Buy and Hold for Decades.
These companies are behind the creation and power of AI models that are changing our world.
