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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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May 15, 2026 / Tyler Durden
Great Global Energy Rewiring Accelerates: UAE To Double Crude Export Capacity Bypassing Hormuz Chaos
Great Global Energy Rewiring Accelerates: UAE To Double Crude Export Capacity Bypassing Hormuz Chaos
Days after the U.S. bombing campaign against Iran began, we pointed out on March 3 that the conflict was likely to accelerate a major Gulf infrastructure push to bypass the Strait of Hormuz. Saudi Arabia's East-West pipeline to the Red Sea stood out as the clearest signal that regional producers needed a credible Plan B for moving crude and crude products when the Hormuz chokepoint becomes disrupted. That logic is now coming into sharper focus...
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Mar 26, 2026 / Tyler Durden
Ugly 7Y Auction Has Lowest Bid To Cover Since September, Biggest Tail Since 2024
Ugly 7Y Auction Has Lowest Bid To Cover Since September, Biggest Tail Since 2024
After two "terrible" coupon auctions earlier this week, moments ago the Treasury concluded the week's final auction when it sold $44 billion in 7 Year paper. It may not have been quite as terrible as the previous two, but it wasn't much stronger either.
Starting at the top, the auction stopped with a high yield of 4.255%, up sharply from 3.790% in February and the highest since Jan 2025. It also tailed the When Issued 4.247% by...
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May 5, 2026 / Tyler Durden
Alberta Separatists Say They Have Enough Signatures To Force Referendum On Leaving Canada
Alberta Separatists Say They Have Enough Signatures To Force Referendum On Leaving Canada
A group pushing for Alberta to break free from Canada announced Monday that it has submitted nearly double the number of signatures required to force a referendum -- which could come as early as October. While Alberta Premier Danielle Smith opposes independence, she has assured Albertans that she will not try to thwart a referendum if the signature hurdle were cleared.
A signature in support of an independence referendum is collected atop a mountain in Alberta (via Stay...
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