Tag: forecasts revenue
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Applied Materials forecasts revenue above estimates, shares fall on high expectations
Aug 13 : Applied Materials forecast fourth-quarter revenue above Wall Street expectations on Thursday, betting that unabated demand for advanced AI chips will continue to fuel robust spending on its semiconductor manufacturing equipment.Even so, its shares dropped more than 5 per cent in extended trading as l
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Canada’s Shopify forecasts revenue above estimates, shares surge
Aug 5 – Canada’s Shopify projected current-quarter revenue growth above Wall Street estimates on Wednesday, signaling the company’s AI efforts were drawing more merchants to its suite of e-commerce services, sending its U.S.-listed shares up 26 per cent premarket. The company’s solid outlook and a second-quar
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AMD forecasts revenue above estimates on AI chip demand, but shares fall
Aug 4 : AMD forecast quarterly revenue above Wall Street estimates on Tuesday, banking on strong demand for its chips from massive data-center capacity expansions to power AI technologies.Shares of the Santa Clara, California-based company, however, fell over 8 per cent in extended trading.The company
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