Amd

The well-known investment manager, who built her name on bets on Tesla and futuristic technologies, is increasing her holdings in Nvidia at the expense of its major competitor. The purchase came immediately after impressive reports and a 70% growth forecast — and at a surprising price.

The earnings season on Wall Street presents an unprecedented distortion where giant companies beat forecasts but are punished with sharp price drops, while a massive trading event of billions took place in Tel Aviv.

Shares of chipmaker AMD recorded sharp declines before the opening of trading today (Wednesday) in a move expected to wipe out more than $61 billion from the company's market value. The current drop highlights the high bar and inflated expectations the company faces as it attempts to challenge Nvidia's dominance in the field of artificial intelligence, while simultaneously competing with Intel...

Chip giant AMD reported its second-quarter results, beating analysts' expectations for both earnings and revenue. Despite the strong performance, the company's stock fell 8% in after-hours trading.