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What you need to know… The S&P 500 Index ($SPX ) (SPY ) Wednesday closed down -1.38%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.98%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -2.21%. Stocks on Wednesday closed sharply lower, with the S&P...

Wall Street finished lower on Wednesday, with the S&P 500 and Nasdaq Composite down for a second straight day as investors took profits on five months of gains a day after rating agency Fitch cut the U.S. government's credit rating.

Wall Street closed down on Wednesday, with the S&P 500 and Nasdaq Composite lower for a second straight day, with investors taking profits on five months of gains a day after rating agency Fitch cut the U.S. government's credit rating.

What happened There's little question that the hard-charging market rebound this year is largely the result of excitement about recent advancements in artificial intelligence (AI). In the wake of their worst performance since 2008, the major market indexes are decidedly in rally

What happened Shares of Advanced Micro Devices (NASDAQ: AMD) took a dive on Wednesday morning, dipping as much as 8.7% by noon ET. The semiconductor designer reported second-quarter business results on Tuesday evening, and the report wasn't impressive enough to support AMD's soar

Tech stocks were lower late Wednesday with the Technology Select Sector SPDR Fund (XLK) down 2.5% and the Philadelphia Semiconductor index shedding 3.7%.

Advanced Micro Devices's shares fell about 6% on Wednesday as analysts raised concerns that the chip designer's targets for an artificial intelligence (AI) ramp-up may be too ambitious.

Wall Street dropped on Wednesday, as investors embarked on a round of profit-taking in response to the move by rating agency Fitch to downgrade the U.S. government's credit rating.

Tech stocks were lower Wednesday afternoon, with the Technology Select Sector SPDR Fund (XLK) down 2.2% and the Philadelphia Semiconductor index shedding 3.4%.

Fintel reports that on August 2, 2023, Wedbush maintained coverage of Advanced Micro Devices (NASDAQ:AMD) with a Outperform recommendation. Analyst Price Forecast Suggests 19.45% Upside

Fintel reports that on August 2, 2023, Rosenblatt reiterated coverage of Advanced Micro Devices (NASDAQ:AMD) with a Buy recommendation. Analyst Price Forecast Suggests 19.45% Upside

Fintel reports that on August 2, 2023, Morgan Stanley reiterated coverage of Advanced Micro Devices (NASDAQ:AMD) with a Overweight recommendation. Analyst Price Forecast Suggests 16.27% Upside

Fintel reports that on August 2, 2023, Citigroup upgraded their outlook for Advanced Micro Devices (NASDAQ:AMD) from Neutral to Buy . Analyst Price Forecast Suggests 16.27% Upside

Fintel reports that on August 2, 2023, Susquehanna maintained coverage of Advanced Micro Devices (NASDAQ:AMD) with a Positive recommendation. Analyst Price Forecast Suggests 16.27% Upside

The Invesco FTSE RAFI US 1000 ETF (PRF) is seeing unusually high volume in afternoon trading Wednesday, with over 328,000 shares traded versus three month average volume of about 64,000. Shares of PRF were off about 1% on the day.

Wall Street fell on Wednesday after rating agency Fitch's move to downgrade the U.S. government's credit rating hit appetite for risky assets around the world.

Advanced Micro Devices AMD reported second-quarter 2023 non-GAAP earnings of 58 cents per share, beating the Zacks Consensus Estimate by 1.75% but declining 44.8% year over year.Revenues of $5.36 billion beat the Zacks Consensus E

In this video, I will be going over AMD's (NASDAQ: AMD) second-quarter earnings report, which beat on both top and bottom lines. Regardless, investors were left unimpressed by the company's guidance, which could be a good sign for Intel shareholders.

Wall Street fell on Wednesday after rating agency Fitch's move to downgrade the U.S. government's credit rating hit appetite for risky assets around the world.

Is Advanced Micro Devices (NASDAQ: AMD) one of the best AI stocks to buy now? AMD stock popped off an earnings beat on both top and bottom lines. The company has been under pressure in recent quarters, but the market is excited about its future prospects. The video below breaks d