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AMD Crashes Despite Big Beat, CapEx Almost Triple Expectations
AMD Crashes Despite Big Beat, CapEx Almost Triple Expectations
AMD beat on its top- and bottom-line:
Revenue: $11.54B vs $11.28B expected
Adjusted EPS: $1.66 vs $1.62 expected
Good news.
With Data center revenue up 107% year over year to $6.72B, better than the $6.6B expected.
More good news.
As Bloomberg reports, last month, Chief Executive Officer Lisa Su rolled out new products that the company said will outperform offerings from Nvidia, adopting a more aggressive stance in a market it predicts will reach $1.4 trillion by 2030. That further raised already lofty investor expectations.
The chipmaker forecast that...
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Jun 17, 2026 / Dave DeCamp
MoU Released by the US Says Enriched Uranium Will Be Downblended Inside Iran
The 14-point US-Iran Memorandum of Understanding, which US officials detailed to reporters on Wednesday, says that under the potential deal, Iran’s enriched uranium will be downblended “on site,” as the US has backed off on its demand to take it out of the country. The MoU states that the “have agreed to resolve the disposition […]
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Jul 31, 2026 / Tyler Durden
Trump Defends Anti-Weaponization Fund But Admits It's Effectively 'Dead'
Trump Defends Anti-Weaponization Fund But Admits It's Effectively 'Dead'
Authored by Jack Phillips via The Epoch Times,
President Donald Trump on Friday said that he still wants compensation for people he said were victimized by a weaponized federal government while acknowledging that a planned $1.776 billion anti-weaponization fund is “dead” after the Department of Justice walked it back amid congressional opposition and court rulings.
“It is dead,” Trump said at a Cabinet meeting on Friday.
“But I wish it weren’t, to be honest with you. I think people were horribly treated, horribly abused...
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May 28, 2026 / Dave DeCamp
US Treasury Secretary Threatens Oman With Sanctions If It ‘Facilitates Tolls’ for the Strait of Hormuz
US Treasury Secretary Scott Bessent on Thursday threatened to “aggressively” target Oman with sanctions if it was involved in “facilitating tolls” in the Strait of Hormuz, a warning that came after President Trump threatened to “blow up” the country. “The United States Government will not tolerate any effort to impose a tolling system in the […]
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