Previous close | 438.00 |
Open | 438.00 |
Bid | 448.00 |
Ask | 453.00 |
Strike | 80.00 |
Expiry date | 2025-12-19 |
Day's range | 438.00 - 438.00 |
Contract range | N/A |
Volume | |
Open interest | 16 |
Chip giant AMD (AMD) reported its first quarter earnings on Tuesday beating analysts' expectations on the top and bottom lines, but lighter-than-anticipated guidance for the next quarter sent the stock lower.
Big tech companies are all about AI this earnings season. Meta Platforms (META) and Microsoft (MSFT) have spent a lot of money on ramping up their AI offerings, but only one has a stock you may want to consider for your portfolio, according to Visible Alpha Head of TMT Research Melissa Otto. In the latest Good Buy or Goodbye, Otto explains that Microsoft benefits from both a strong demand and a strong outlook for its Azure business. She also likes that it has a lot of potential growth from AI. Otto is less of a fan of Meta. She argues that its higher expense guidance "suggests that the 'year of efficiency' is potentially over." So why is Mircosoft's spending on AI good, while Meta's spending is a concern? Otto says there are two reasons: Meta's expenses have ramped up more than expected and that there is a lack of visibility surrounding those expenses. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Stephanie Mikulich.
Last Thursday, Snap Inc (NYSE: SNAP) reported its first quarter financials, showing that the improvements it made to its advertising system showed results faster than anticipated. Upon the earnings beat, strong revenue growth as well as the rise of daily active users to 422 million, shares surged 21% during after-hours trading. First quarter results show Snap’s efforts to rebuild its ad business are working. For the first three months of the year, Snapchat-parent reported revenue rose 21% to $1.