AMD sinks 7% despite earnings beat, strong data center revenue

The chip giant has been a big beneficiary of the AI boom, with stock trading 132% up so far in 2026.

Plus, why veterinarians are learning to handle honeybees.

South Korean artificial intelligence chip startup FuriosaAI said Wednesday it will supply more than 8,800 of its RNGD inference accelerators for a new artificial intelligence data center being developed in Stockholm. The 15-megawatt project is being developed with US AI infrastructure company I/ONX HPC and data center

Elon Musk's SpaceX delivered its first earnings report on Tuesday since going public in mid-June. Wall Street Journal reporter Becky Peterson joins CBS News to discuss.

Company posts $7.81bn in revenue, a jump of 92%, after share prices crashed following IPO debut For the first time since SpaceX went public, the world is getting a first-hand look into the trillion-dollar corporation’s financials. The Elon Musk-run business reported its second-quarter earnings on Tuesday, saying that i

SpaceX revenue nearly doubled to $7.8B, driven by Starlink and AI growth, but capex topped $18B. Shares fell 7.5% after hours.

Rocketing Cloud and Starlink Demand Boosts SpaceX Revenue 92%  WSJ

SpaceX reported it lost more than half a billion dollars in its first quarterly report as a public company, but the loss was less than Wall Street expected and revenue soared. The company run by Elon Musk reported a loss of $541 million, or 9 cents per share, in the three months through June, less than half what financ

Data center segment revenue climbed to $6.7 billion in the second quarter, up 107% from a year earlier, driving total revenue to $11.5 billion

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 is regarded as ch

Caterpillar’s stock surges after the biggest earnings beat in five years, as demand for data-center construction provided a boost.

Nasdaq futures underpinned by strong AI forecasts; focus on earnings, data  Reuters