Markets

Xilinx rockets 17% after finalising $35 billion sale to AMD

Xilinx shares soared as much as 17% higher in early Tuesday trading after Advanced Micro Devices agreed to buy the company in a $US35 billion deal. The acquisition is expected to close by the end of 2021, according to a press release. Xilinx shareholders will receive 1.7234 shares of AMD […]
Xilinx rockets 17% after finalising $35 billion sale to AMD
Markets

S&P 500, Nasdaq extend records as traders look ahead to further stimulus

The S&P 500 and Nasdaq composite indexes extended records on Wednesday after closing at all-time highs on Tuesday. Traders are still watching for signs that Congress will reach a deal on another coronavirus pandemic stimulus bill soon. The August ADP employment report showed that US companies added 428,000 jobs last […]
S&P 500, Nasdaq extend records as traders look ahead to further stimulus
Markets

Dow gains 163 points following Fed meeting, Big Tech testimony

US stocks rose Wednesday following a key Federal Reserve policy meeting and congressional testimony from big tech companies including Facebook and Amazon. The Federal Reserve held interest rates near zero, and again pledged to do whatever it takes to aid the US economy in recovery from the pandemic recession. Starbucks […]
Dow gains 163 points following Fed meeting, Big Tech testimony
Markets

US stocks rise ahead of Fed meeting, Big Tech testimony

US stocks rose Wednesday ahead of a key Federal Reserve policy meeting and congressional testimony from big tech companies including Facebook and Amazon. Starbucks and AMD shares climbed after earnings releases. Boeing and General Motors shares also ticked up after earnings reports. Later this week, Apple, Amazon, and Alphabet are […]
US stocks rise ahead of Fed meeting, Big Tech testimony
Markets

AMD leaps to its first record high in nearly 2 decades

Advanced Micro Devices rallied as much as 7.4% Thursday, hitting an intraday record high for the first time since June 5, 2000. The chipmaker’s surge follows a winning year, as AMD closed out 2019 as the best-performing stock in the S&P 500. The semiconductor company is positioned to jump in […]
AMD leaps to its first record high in nearly 2 decades
Markets

AMD soars to a 5-month high

AMD shares on Thursday spiked to their best level in over five months. They have gained about 20% since Google on Tuesday said it would use the chipmaker’s graphics processing units for its new streaming-video-game service. Watch AMD trade live. AMD shares on Thursday soared over 8% to their best […]
AMD soars to a 5-month high
Markets

One of AMD’s biggest shareholders just unloaded a bunch of stock

One of AMD‘s largest shareholders, Mubadala Investment, on Monday disclosed that it sold 34.9 million shares of the chipmaker. Abu Dhabi’s investment fund plans to convert 75 million warrants into equity of AMD, providing $US448.5 million to the chipmaker, Mubadala said in an emailed statement seen by Bloomberg. Mubadala loaded […]
One of AMD’s biggest shareholders just unloaded a bunch of stock
Markets

Here comes AMD…

AMD is set to report fourth-quarter earnings after Tuesday’s closing bell. Ahead of the results, shares were down 5% – one day after rival Nvidia warned that conditions in China had led to an “extraordinary, unusually turbulent” quarter. The warning from Nvidia could indicate an earnings miss for AMD, one […]
Here comes AMD…
Markets

AMD is getting whacked after Nvidia warns on China

AMD shares were down 6.5% Monday after Nvidia CEO Jensen Huang said declining macroeconomic conditions, particularly in China, impacted demand his company’s gaming graphics processing units. AMD is set to report its fourth-quarter results after Tuesday’s closing bell. At the beginning of the year, an analyst told Markets Insider that […]
AMD is getting whacked after Nvidia warns on China