Ahead of Advanced Micro Devices' (AMD) earnings Tuesday afternoon, Raymond James downgraded the chipmaker from Strong Buy to Outperform due to concerns over inflated AI revenue expectations. AMD is set to release results against the backdrop of its newest MI300 chip — a competitor to Nvidia's (NVDA) AI chip — gaining traction. The MI300 has already seen interest from tech giants like Microsoft (MSFT) and Oracle (ORCL). Yahoo Finance's Seana Smith and Brad Smith break down the details. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith
Ahead of Advanced Micro Devices' (AMD) earnings Tuesday afternoon, Raymond James downgraded the chipmaker from Strong Buy to Outperform due to concerns over inflated AI revenue expectations.
AMD is set to release results against the backdrop of its newest MI300 chip — a competitor to Nvidia's (NVDA) AI chip — gaining traction. The MI300 has already seen interest from tech giants like Microsoft (MSFT) and Oracle (ORCL).
Yahoo Finance's Seana Smith and Brad Smith break down the details.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Angel Smith
Barrons.com
Advanced Micro Devices shareholders are eagerly anticipating the semiconductor maker’s latest update on demand for its AI chips when it reports earnings on Tuesday. The Wall Street consensus estimate is for AMD to release revenue of $6.13 billion with adjusted earnings per share of 77 cents for the quarter ending December. On Monday, Susquehanna analyst Christopher Rolland reaffirmed his Positive rating on AMD shares.
Zacks
With the REIT industry offering a real estate structure for several economic activities - real or virtual - there are pockets of strength. This is likely to be reflected in the earnings releases of AMT, WELL, VICI and KIM.
Reuters
A liquidation order for China's most debt-laden developer begins a drawn-out process for creditors that is likely to lay bare the depths of China's real-estate downturn and leave builders locked out of global debt markets as investors shun exposure. A Hong Kong court appointed liquidators for China Evergrande on Monday, more than two years after its default brought a years-long property boom to a shuddering halt. It has assets of $240 billion and is the world's most indebted developer with nearly $300 billion in liabilities.
Bloomberg
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Benzinga
The electric vehicle (EV) market, long dominated by Tesla Inc. (NASDAQ:TSLA), faces a potential challenger in VinFast Auto Ltd. (NASDAQ:VFS), a Vietnamese carmaker making rapid strides. Tesla’s supremacy in the EV market has been evident through its diverse range of models, including the recent Cybertruck. In 2023, Tesla showcased its expertise by producing 1,845,985 vehicles and delivering 1,808,581, achieving a 38% year-over-year growth in EV deliveries, according to a recent investor relation
Reuters
Any liquidation of property giant Evergrande hinges on Chinese authorities recognising the ruling of a Hong Kong court, in a decision that could also affect the city's standing as a global financial centre, legal practitioners said. A Hong Kong court on Monday ordered China Evergrande Group, the world’s most indebted developer with nearly $300 billion worth of liabilities, to be liquidated after around 18 months of failed negotiations with offshore creditors. Offshore creditors expect Evergrande's liquidator, Alvarez & Marsal (A&M), to first propose a new offshore debt restructuring plan, and move to liquidate the company only if that could not be agreed, two sources told Reuters.
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