KGWV · U.S. MARKET INTELLIGENCE
Advanced Micro Devices reported second-quarter results on Tuesday, beating expectations for revenue and profit while providing guidance for the current quarter that was described as in line with expectations. The chipmaker makes both data-center CPUs and GPUs,…
The company reported record financial results and issued guidance. Fourth-quarter revenue reached $8.965 billion, up 51% sequentially and 372% year over year, exceeding the upper end of its guidance. About one-third of the sequential increase came from higher…
Meta's AI model was targeted in a cyberattack during testing, The Information reported.
Based on preliminary data on long-short hedge funds in the technology, media and telecommunications sectors, JPMorgan says technology trading may be becoming more dependent on retail investors after July’s severe selloff, with volatility also likely to increas…
SanDisk reported adjusted fourth-quarter earnings per share of $39.25, compared with analysts’ expectations of $34.37. Fourth-quarter revenue was $8.97 billion, up 51%. Revenue for fiscal 2026 was $20.25 billion, an increase of 175% from the prior year. The co…
U.S. stocks finished mixed on Wednesday, Aug. 5, with the Dow Jones Industrial Average closing at another record high. The S&P 500 ended a four-session winning streak. The Dow rose 263.24 points, or 0.49%, to 54,349.12. The Nasdaq Composite fell 221.55 points,…
Meta will release a beta version of Muse Code today, Mark Zuckerberg said.
Microsoft’s latest disclosure shows that most of its artificial-intelligence revenue comes from OpenAI. The software giant said in a regulatory filing last week that it recorded $24.1 billion in revenue from OpenAI during the year ended in June 2026. Microsoft…
The board of Italy's Banco BPM unanimously decided not to acquire Banca Monte dei Paschi di Siena SpA, also known as Siena Bank.
The Federal Reserve’s overnight reverse repurchase agreement facility was used for $1.65 billion on Wednesday, Aug. 5, with two counterparties. Usage totaled $2.251 billion on the previous trading day.