Schwab Network

Earnings Recap: AMD Slips, SMCI & ENPH Higher


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Kevin Green says unexpected China sales might have actually been a detriment to AMD (AMD) in its latest earnings report. "Stripping away" those figures he says AMD actually missed Street estimates, but he does underline strong demand for data centers and AI. Meanwhile, Supermicro (SMCI) saw its quarterly sales figures double and guidance suggests "sustained order shipments' with bigger customers such as Nvidia (NVDA). Enphase Energy (ENPH) is soaring after a beat and positive guidance. For Wednesday's session, KG says an elevated volatility index (VIX) is something to watch. He has 6980 to the upside and 6800 to the downside for levels to watch on the S&P 500 (SPX).


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