Close Menu
InfoQuest Network
  • News
  • World
    • United States
    • Canada
    • Europe
    • Asia
    • Latin America
    • Australia
    • Africa
  • Politics
  • Business
    • Personal Finance
    • Finance
    • Markets
    • Startup
    • Investing
    • Innovation
    • Billionaires
    • Crypto
  • Tech
  • Lifestyle
  • Sports
  • Travel
  • More
    • Science
    • Entertainment
    • Health & Wellness
    • Immigration
Trending

Police Investigation Uncovers Alarming Details Across Three States

July 7, 2025

Man Recovers from Injuries Sustained in ‘Defensive’ Grizzly Bear Attack in B.C.

July 7, 2025

Johnson Calls Megabill ‘Jet Fuel’ for Economy; Hints at Two Upcoming Bills in the Next Year

July 7, 2025
Facebook X (Twitter) Instagram
Smiley face Weather     Live Markets
  • Newsletter
  • Advertise
Facebook X (Twitter) Instagram YouTube
InfoQuest Network
  • News
  • World
    • United States
    • Canada
    • Europe
    • Asia
    • Latin America
    • Australia
    • Africa
  • Politics
  • Business
    • Personal Finance
    • Finance
    • Markets
    • Startup
    • Investing
    • Innovation
    • Billionaires
    • Crypto
  • Tech
  • Lifestyle
  • Sports
  • Travel
  • More
    • Science
    • Entertainment
    • Health & Wellness
    • Immigration
InfoQuest Network
  • News
  • World
  • Politics
  • Business
  • Finance
  • Entertainment
  • Health & Wellness
  • Lifestyle
  • Technology
  • Travel
  • Sports
  • Personal Finance
  • Billionaires
  • Crypto
  • Innovation
  • Investing
  • Markets
  • Startup
  • Immigration
  • Science
Home»Business»Finance»Upcoming Driver for AMD Stock and Reasons Behind the Ongoing Market Rally
Finance

Upcoming Driver for AMD Stock and Reasons Behind the Ongoing Market Rally

News RoomBy News RoomOctober 9, 20240 ViewsNo Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email Reddit Telegram WhatsApp

The CNBC Investing Club with Jim Cramer releases the Homestretch, an actionable afternoon update, on weekdays just in time for the last hour of trading on Wall Street. The S & P 500 rose to a new record high, with no specific catalyst for the move. The market has been rallying amid sliding oil prices and China’s market giving back recent gains. The Federal Reserve’s September policy meeting minutes showed some disagreement among central bankers on interest rate cuts, ultimately resulting in a 50-basis-point reduction. Financials were leading the market higher, with Club name Morgan Stanley hitting a multiyear high ahead of its earnings release. Honeywell has seen solid follow-through after announcing plans to spin off its advanced materials business.

Semiconductor stocks were mixed, with Club stocks Nvidia and Advanced Micro Devices slightly down but Broadcom hitting a new all-time high. AMD’s upcoming Advancing AI event on Thursday is expected to introduce new products and potentially raise its full-year AI sales forecast. Analysts are eager to see if AMD will provide a 2025 AI sales target and announce another cornerstone customer of its AI chips. Earnings for AMD are coming up later this month, with expectations for management to adjust guidance at that time. In addition, analysts are curious about more insight into the ZT Systems acquisition, announced in August.

On the horizon, there are no major earnings after Wednesday’s closing bell or Thursday’s open. The September CPI report is expected to show a continued deceleration in inflation. As a subscriber to the CNBC Investing Club with Jim Cramer, members receive trade alerts before Jim makes a trade. Jim follows specific guidelines before executing a trade, including waiting 45 minutes after sending a trade alert and 72 hours after discussing a stock on CNBC TV. It is important to note that the information provided by the Investing Club does not create a fiduciary obligation or guarantee specific outcomes or profits.

Kangen Water

Overall, the market has seen a rally in U.S. stocks amid sliding oil prices and China’s market giving back recent gains. The Federal Reserve opted for a 50-basis-point reduction in interest rates at its September policy meeting, resulting in disagreement among central bankers. Financials have been leading the market higher, with strong performances from Club name Morgan Stanley and Honeywell. Semiconductors have been mixed, with Club stocks experiencing slight fluctuations. AMD’s upcoming Advancing AI event is eagerly anticipated, with expectations for new product introductions and potential guidance adjustments. Analysts are keeping a close eye on AMD’s guidance and potential announcements regarding its AI chips and ZT Systems acquisition.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Reddit Telegram WhatsApp

Related News

Fraudsters Allegedly Stole Millions From IRS Using Tax Pro Hotline, Watchdog Reports

November 5, 2024

Former Baidu AI Scientist Turns Billionaire as Shares of His Self-Driving Tech Startup Surge 16%

November 5, 2024

Experian, TransUnion, and Equifax Disable TomoCredit’s Reporting Access

November 5, 2024

Tax Measures Are Up for Vote in Multiple States—Here’s the Information You Should Have

November 5, 2024

3G Capital, Masterminds Behind a $20 Billion Burger King Profit, Scores Another Big Win

November 4, 2024

Join the Forbes Fintech 50: Submit Your Application for the 2025 List

October 25, 2024
Add A Comment
Leave A Reply Cancel Reply

Top News

Man Recovers from Injuries Sustained in ‘Defensive’ Grizzly Bear Attack in B.C.

July 7, 2025

Johnson Calls Megabill ‘Jet Fuel’ for Economy; Hints at Two Upcoming Bills in the Next Year

July 7, 2025

Chiefs Owner’s Family Grieves Young Relative Who Died in Devastating Texas Floods: ‘Heartbreaking Loss’

July 7, 2025

Subscribe to Updates

Get the latest news and updates directly to your inbox.

Advertisement
Kangen Water
InfoQuest Network
Facebook X (Twitter) Instagram YouTube
  • Home
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
© 2025 Info Quest Network. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.