Stocks to Watch: AMD, Block, Super Micro Computer, Arista
Dow Jones
12 hours ago
Advanced Micro Devices beat Wall Street expectations with its third-quarter results, quelling concerns about the AI industry. Shares gained 7.7% to $520.99 in after-hours trading Tuesday.
Block posted a higher profit, thanks to increased volume in its payment services business. The stock rose 6.7% to $81.10 after the bell.
Super Micro Computer had a nearly fourfold increase in revenue in the latest quarter, thanks to AI spending. Shares climbed 10% to $34.50.
Arista Networks' revenue climbed 59%, fueled by AI demand. The stock advanced 13% to $192.63.
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