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Group 1 - Wall Street anticipates McDonald's Corp. to report quarterly earnings of $3.33 per share with revenue of $7.09 billion [2] - Pinterest Inc. reported third-quarter revenue of $1.05 billion, meeting analysts' estimates, but adjusted earnings of 38 cents per share fell short of the expected 42 cents, leading to a 20.1% drop in shares to $26.30 [2] - Qualcomm Inc. is expected to post quarterly earnings of $2.87 per share on revenue of $10.77 billion, with earnings release scheduled after market close [2] - Advanced Micro Devices Inc. reported better-than-expected financial results for the third quarter and anticipates fourth-quarter revenue of approximately $9.6 billion, exceeding analysts' expectations of $9.15 billion, although shares fell 4.7% to $238.20 [2] - Humana Inc. is expected to report quarterly earnings of $2.82 per share on revenue of $32.01 billion [2]

Nvidia Corp (NASDAQ:NVDA) and Qualcomm‘s (NASDAQ:QCOM) investment arm joined Indian and U.S. investors backing the South Asian country’s deep-tech startups, as the India Deep Tech Alliance (IDTA) expands with new members and fresh capital commitments exceeding $850 million. Activate AI, InfoEdge Ventures, Chirate Ventures, and Kalaari Capital are among the other new investors joining the IDTA, which was launched in September with a $1 billion initial commitment. Founding Member Nvidia To Train, Mentor Start ...

Core Viewpoint - AMD's CEO Lisa Su projects that the company's data center AI business will reach "hundreds of billions" in annual revenue by 2027, but short-term growth concerns persist among investors [1][3][11]. Group 1: AI Business Outlook - AMD's long-term AI revenue target is set at "hundreds of billions" by 2027, with a significant collaboration with OpenAI involving the deployment of the MI450 series accelerators starting in the second half of 2026 [3][8][13]. - The company is entering a new growth phase in its AI business, with the MI400 series and Helios solutions expected to launch in 2026, supported by major clients like OpenAI and Oracle [8][27][28]. - AMD's software ecosystem, particularly the ROCm platform, has seen significant advancements, with ROCm 7 offering improved performance and functionality, gaining support from developers [8][24][25]. Group 2: Short-term Growth Concerns - Despite a positive long-term outlook, analysts expressed concerns about the short-term growth catalysts for AMD's AI business, as traditional server CPU growth slightly outpaced the AI GPU segment in the last quarter [5][10][12]. - The fourth-quarter revenue guidance of approximately $9.6 billion exceeded analyst expectations but did not meet some investors' high hopes for explosive AI-driven growth, leading to cautious market evaluations [6][11][41]. - AMD's business in China remains uncertain, as the fourth-quarter guidance does not include revenue from the MI308 chip, adding to short-term uncertainties [7][11]. Group 3: Financial Performance - AMD reported a record revenue of $9.2 billion for Q3 2025, a 36% year-over-year increase, driven by strong demand across data center AI, server, and PC segments [19][36]. - The data center segment achieved record revenue of $4.3 billion, a 22% year-over-year increase, primarily due to the strong demand for the fifth-generation EPYC processors and MI350 series GPUs [19][37]. - The client and gaming segment also saw record revenue of $4 billion, up 73% year-over-year, reflecting robust demand for the latest client and graphics processors [30][37].

Group 1 - The core concern is the significant sell-off in the semiconductor sector, resulting in a loss of approximately $500 billion in market value due to fears of overvaluation amid the AI hype [1] - The sell-off was accelerated in Asian markets, with the South Korean stock index (Kospi) dropping 6.2%, marking its largest single-day decline since the implementation of comprehensive tariffs by former President Trump [1] - The semiconductor stocks, which had previously surged due to AI-driven demand, are now facing a sharp downturn, indicating a fragile market sentiment [1] Group 2 - The recent sell-off is directly linked to disappointing earnings forecasts from key companies, raising concerns about their already high valuations [2] - Companies like Palantir Technologies and Advanced Micro Devices (AMD) experienced stock declines following their earnings reports, as investors sought to take profits after significant price increases earlier in the year [2] Group 3 - Broader macroeconomic concerns are also impacting the semiconductor industry, including warnings from Wall Street executives about an overdue market correction and reduced expectations for Federal Reserve interest rate cuts [3] - The ongoing uncertainty regarding U.S. government shutdowns is contributing to a cautious investor sentiment, particularly in high-valuation sectors [3] - Market observers note a lack of positive catalysts to support buying, leading to a prevailing pessimistic outlook among investors [3]

该行指，AMD近期股价上涨得益于其与OpenAI的协议，该协议将于2026年底开始。在此之前，AMD可 能签署新协议以提振股价，而即将于11月11日举行的分析师日可能提供细节，帮助澄清前路。这些事件 可能成为重大触发因素。该行对AMD评级为"持有"，认为其虽具备潜力，但在未来数月内这些可能性 尚未具体化，需要时间观察。 里昂发表研报指，AMD第三季度收入92亿美元，按年上升36%，轻松超越该行预测及公司指引上限。 公认会计原则(GAAP)及非公认会计原则(Non-GAAP)毛利率分别为52%及54%，符合该行的预测。公司 对第四季度收入指引上限为99亿美元，符合该行的预测，非公认会计原则毛利率为54.5%。此指引意味 着年增率上限为25%，较今年第三季度报告的36%放缓。 ...

European stocks may open lower on Wednesday as investors fret about a weakening U.S. and highly elevated valuations for many artificial intelligence companies. As the U.S. government shutdown beats record set during President Trump's first term, traders await payroll processor ADP's report on private sector employment as well a report on U.S. service sector activity later in the day for more insights into the economic and rate outlook. After the closing bell, shares of Advanced Micro Devices fell nearly 4 ...

South Korea’s equity benchmark Kospi plunged as much as 6.2% on Wednesday, with memory makers Samsung Electronics Co. and SK Hynix Inc. among the biggest drags. In Japan, equipment firm Advantest Corp. dropped 10%, weighing on the Nikkei 225. Asia’s largest stock Taiwan Semiconductor Manufacturing Co. fell 3.3%. All are suppliers to Selling pressure trimmed roughly $500 billion in combined market capitalization from the Philadelphia Semiconductor Index on Tuesday and a Bloomberg gauge tracking Asia chip st ...

Core Viewpoint - The global selloff in semiconductor stocks is driven by concerns over high valuations amid the artificial intelligence boom, leading to significant market capital losses in the sector [1][4]. Market Performance - South Korea's Kospi index fell by as much as 6.2%, with major memory manufacturers like Samsung Electronics and SK Hynix contributing to the decline [2]. - In Japan, Advantest Corp's stock dropped 10%, impacting the Nikkei 225, while Taiwan Semiconductor Manufacturing Co saw a 3.3% decrease [2]. - The Philadelphia Semiconductor Index lost approximately $500 billion in market capitalization on Tuesday, with a similar trend observed in Asian chip stocks on Wednesday [3]. Valuation Concerns - The selloff highlights the stretched nature of the AI-driven rally, with key indexes trading near record highs and chipmakers adding trillions in market value since April [4]. - The Philadelphia SOX gauge is currently trading at nearly 28 times estimated forward earnings, significantly above its five-year average of less than 22 times, raising concerns about stock prices [7]. Investor Sentiment - Wall Street leaders have warned of an overdue correction, compounded by reduced expectations for Federal Reserve rate cuts and a prolonged US government shutdown [5]. - Hedge fund manager Michael Burry's bearish positions on Palantir Technologies and Nvidia contributed to the market's downward pressure [5]. - Palantir's unimpressive forecast and Advanced Micro Devices' disappointing results further exacerbated the selloff [6]. Market Outlook - Some analysts view the pullback as a necessary correction that could make stocks more affordable, especially as major tech firms increase investments in AI [8]. - Fund managers suggest that while there is an AI bubble, it has not yet reached a bursting point, but caution that continued price increases could lead to significant corrections [9]. - The volatility in the market presents both challenges and potential buying opportunities for investors [10].

Core Viewpoint - AMD reported strong financial results for Q3 of fiscal year 2025, with significant year-over-year growth in revenue and net profit, indicating robust performance across its business segments [2][4]. Financial Performance Summary - AMD's total revenue for Q3 reached $9.246 billion, a 36% increase year-over-year, while net profit was $1.243 billion, up 61% [2]. - The data center segment generated $4.341 billion in revenue, reflecting a 22% year-over-year growth, and turned around from an operating loss of $155 million in the previous quarter to an operating profit of $1.074 billion [4]. - The client and gaming segments saw substantial growth, with combined revenue of $4.048 billion, a 73% increase year-over-year, and operating profit of $867 million [4]. - The client segment alone achieved a record revenue of $2.750 billion, up 46% year-over-year, while the gaming segment revenue surged to $1.298 billion, a staggering 181% increase compared to $462 million in the same quarter last year [4]. - The embedded products segment reported revenue of $857 million, a slight decline of 8% year-over-year, but showed sequential growth [4]. - AMD's overall operating losses in other segments narrowed to $954 million, both year-over-year and quarter-over-quarter [4]. Future Outlook - For Q4 of fiscal year 2025, AMD projects revenue to be around $9.6 billion, with a year-over-year growth rate of approximately 25%, exceeding analyst expectations of $9.2 billion [4]. - The company anticipates a non-GAAP gross margin of about 54.5% for the upcoming quarter [4]. - Notably, AMD's revenue outlook does not include potential earnings from the shipment of AMD Instinct MI308 chips to China [4].