Chip stocks boost Nasdaq futures before Fed verdict; Microsoft lags
(Reuters) -Futures tied to the Nasdaq index rose on Wednesday after a bullish forecast from Advanced Micro Devices drove chip stocks higher even as Microsoft faltered, while investors geared up for the Federal Reserve's rate decision. Nvidia rose 6.5%, Intel 2.3% and Broadcom 6.4%. At 7:15 a.m. ET, Dow e-minis were up 31 points, or 0.08%, S&P 500 e-minis were up 52 points, or 0.95%, and Nasdaq 100 e-minis were up 295.5 points, or 1.56%.
Is It Time to Buy IBM Stock?
IBM reported solid second-quarter results and boosted its full-year guidance.
Watch These AMD Stock Price Levels Following Earnings-Driven Surge
Advance Micro Devices shares moved sharply higher in premarket trading Wednesday after the chipmaker posted better-than-expected second quarter revenue and issued an upbeat sales outlook for the second half of the year. Monitor these key chart levels.
Watch These AMD Stock Price Levels Following Earnings-Driven Surge
Advance Micro Devices shares moved sharply higher in premarket trading Wednesday after the chipmaker posted better-than-expected second quarter revenue and issued an upbeat sales outlook for the second half of the year. Monitor these key chart levels.
Forget Nvidia: 2 Tech Stocks to Buy Instead
These companies are more fairly valued and rely less on AI progression to drive business growth.
Terra Blockchain Restarts After $4M Exploit
A reentrancy attack briefly halted the network. It restarted after an “emergency” chain upgrade.
Is Bank of America Stock a Buy?
A well-received financial update adds more momentum to this rising stock.
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