AMD's Su explains what's behind massive forecast change as stock roars 15% on earnings
CEO Lisa Su highlighted the growing demand for central processing units, doubling her long term forecast after strong first-quarter earnings.

CEO Lisa Su highlighted the growing demand for central processing units, doubling her long term forecast after strong first-quarter earnings.
Apollo CEO Marc Rowan warned that markets face an elevated risk of unexpected shocks, saying he is positioning the firm defensively for an expected correction.
Lower-income consumers are compensating for higher gas prices by buying less.
Washington reportedly expects responses from Tehran on several key points within the next 48 hours.
Shell plc (SHEL), along with other large integrated oil companies, have benefited from higher oil prices and should warrant investor attention.
Uber and Disney pointed to a resilient spending backdrop, with consumers continuing to shell out for rides, food delivery, vacations and theme park trips.
Novo Nordisk CEO Mike Doustdar says the Ozempic and Wegovy maker is looking for deals more than ever before.
Howard Lutnick admitted to a Senate committee in February that he and his family visited Epstein's private island in the U.S. Virgin Islands in 2012.
Oil prices fell sharply after Axios reported that the U.S. and Iran were closing in on an agreement to bring an end to the conflict.
Berkshire Hathaway-owned McLane, one of America's biggest distribution companies, is deploying self-driving big rigs with Aurora for its restaurants business.
Corning is opening three new advanced manufacturing plants in the U.S. dedicated entirely to optical technologies for Nvidia.
Mamdani's office said in response to Griffin, "our tax system is fundamentally broken. It rewards extreme wealth while working people are pushed to the brink."
Former New York Yankee Mariano Rivera says he supports MLB salary cap as long as small-market teams are also spending.
The report provided more evidence of a stable labor market and less incentive for the Fed to lower interest rates.
Auto debt has swelled to $1.68 trillion, a new analysis finds. Americans face costlier vehicles, higher interest rates and lengthier loan terms.
Disney revenue topped analyst expectations when the media giant reported its fiscal second-quarter earnings on Wednesday.
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
Apple’s R&D spending has crossed 10% of revenue for the first time in at least 30 years, and increased twice as fast as sales in the latest quarter.
All of the health-care giant's business segments, including its insurer Aetna, its retail pharmacy and health services unit, surpassed expectations.
Uber said its net income took a $1.5 billion hit in the first quarter of 2026 due to the revaluation of the company's equity investments.
Mortgage rates rose last week, causing loan demand to drop back and causing the average loan size to rise — indicating that lower-income borrowers dropped out.
Restaurant Brands International reported quarterly earnings and revenue that topped Wall Street's estimates.
Supplement patch company Barrière is launching the first-ever lactose intolerance patch in 1,700 Walmart stores, the company told CNBC exclusively.
The studies were "withdrawn because the authors drew broad conclusions that were not supported by the underlying data," the spokesperson told CNBC.