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Advanced Micro Devices Falls, Super Micro Computer Jumps, Eli Lilly Gains on Revenue Forecast
Description
On this episode of Stock Movers:
- Advanced Micro Devices (AMD) shares fell after the company's sales forecast underwhelmed investors, a sign that it's not making the AI inroads anticipated. The company reported first-quarter sales will be roughly $9.8 billion, plus or minus $300 million, which was lower than some projections that topped $10 billion.
- Super Micro Computer (SMCI) shares jump after the company gave a forecast for sales in the current quarter that signaled strong demand for its gear to run AI data centers. Revenue will be at least $12.3 billion in the period ending March 31, and fiscal third-quarter earnings, excluding some items, will be at least 60 cents a share.
- Eli Lilly (LLY) shares gain after the drugmaker gave revenue forecast for 2026 that surpassed Wall Street’s expectations, driven by volume growth in its GLP-1 assets — Mounjaro and Zepbound.
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