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Day: May 1, 2024

AMD, Super Micro spark chip selloff as earnings miss lofty AI expectations
Business

AMD, Super Micro spark chip selloff as earnings miss lofty AI expectations

May 1, 2024May 1, 2024

By Harshita Mary Varghese (Reuters) -Advanced Micro Devices and Super Micro Computer led a selloff in chip stocks on Wednesday after their earnings disappointed investors

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Apple set for big sales decline as investors await AI in iPhones
Business

Apple set for big sales decline as investors await AI in iPhones

May 1, 2024May 1, 2024

By Yuvraj Malik (Reuters) -Apple’s plan to add generative AI to its iPhones and revive sagging sales in the crucial Chinese market will be in

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Starbucks shares hit two-year low as China, US demand clouds outlook
Business

Starbucks shares hit two-year low as China, US demand clouds outlook

May 1, 2024May 1, 2024

By Juveria Tabassum (Reuters) – Shares of Starbucks fell 15% to their lowest in nearly two years on Wednesday, after the coffee chain cut annual

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Amazon results beat estimates, revenue forecast misses
Business

Amazon results beat estimates, revenue forecast misses

May 1, 2024May 1, 2024

By Greg Bensinger and Yuvraj Malik (Reuters) -Amazon.com reported quarterly results above Wall Street’s expectations on Tuesday, as interest in artificial intelligence helped drive cloud-computing

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