Microsoft reported strong fiscal second-quarter results Tuesday, boosted by the strength of AI. It also announced two new positive developments: solid revenue guidance for the third quarter and talk of a slight margin expansion for the year. Revenue increased about 17% year over year, to $62.1 billion, beating the Street consensus estimate of $61.1 billion, … Read more
Lisa Su, president and CEO of AMD, talks about the AMD EPYC processor during a keynote address at the 2019 CES in Las Vegas, Nevada, U.S., January 9, 2019. Steve Marcus | Reuters AMD reported fourth-quarter earnings on Tuesday that were in line with analyst expectations, while the company’s revenue beat estimates, but AMD offered … Read more
Super Micro CEO Charles Liang. Source: Supermicro Shares of Super Micro Computer popped more than 5% on Tuesday, a day after the company handily exceeded estimates and raised its full-year revenue outlook in its fiscal second-quarter earnings report. Super Micro said revenue for the quarter came in at $3.66 billion, up from the $3.06 billion … Read more
CNBC’s Jim Cramer on Monday said tech companies dominate the market because their primary customers are cash-rich businesses, not strapped consumers. “We have a market made of companies that sell into the enterprise and those stocks are doing fabulously,” he said. “Then we have even more companies who serve the consumer, which is a much … Read more
We’ve been relatively free of actions by the Treasury and the Federal Reserve for some time now. The intrusion into the market at the end of October and early November seems like ancient history. This week, however, could change all that. Two releases on Wednesday — the Federal Open Market Committee statement and the Treasury’s … Read more
During the January Monthly Meeting this past Wednesday, we took questions directly from Investing Club members. Here are Jim Cramer’s and Director of Portfolio Analysis Jeff Marks’ responses. Their answers have been edited for clarity. 1. What is a good entry point for Eaton ? It doesn’t seem to want to go down! (Brian) Jim … Read more
After reviewing Tesla’s earnings, CNBC’s Jim Cramer on Thursday criticized CEO Elon Musk and told investors why he thinks the electric vehicle giant has lost its spot among the “Magnificent Seven” tech stocks. “As someone who was among the first to vocalize the Magnificent Seven rubric, I officially acknowledge now that there are only six … Read more
Intel shares dropped in extended trading on Thursday after the chipmaker issued an outlook for the first quarter of 2024 that lagged analyst forecasts even as results for the latest quarter beat Wall Street estimates. Here’s how Intel did versus LSEG (formerly Refinitiv) consensus expectations for the quarter ended in December: Earnings per share: 54 … Read more
Sundar Pichai, chief executive officer of Alphabet Inc. Bloomberg | Bloomberg | Getty Images Alphabet shares climbed to a record on Thursday, joining Microsoft and Meta, which have continued to rally since reaching fresh all-time highs earlier this month. Shares of Alphabet rose 2.1% to close at $151.87. Microsoft rose 0.6% to $404.87, closing with … Read more
CNBC’s Jim Cramer on Wednesday said the market hasn’t been playing by usual Wall Street rules over the past few years, telling investors to find anomalies and use them to their advantage. “Nothing we’ve ever learned about the market has played out like it was supposed to for the last two years,” he said. “If … Read more
