Shares of Marvell Technology dropped 15% after the AI chipmaker reported lower-than-expected data center revenue and provided a lackluster outlook for the upcoming quarter. The CEO acknowledged some challenges in customer pipeline clarity, raising concerns among investors.
Advanced Micro Devices (AMD) jumped over 4% after HSBC upgraded its rating to 'buy,' citing strong performance of its new AI chips, which rival Nvidia's offerings. Analysts see further upside potential with future product launches.
Tesla investors brace for more pain as Wells Fargo predicts a staggering 53% drop in stock value. With disappointing vehicle deliveries and earnings set to decline, the future looks bleak for the electric vehicle giant.
