Advanced Micro Devices Inc (NASDAQ: AMD) shares are trading lower Wednesday after the company reported financial results and issued guidance with a midpoint below estimates. AMD also lowered its PC business outlook.
PayPal Holdings, Inc. (NASDAQ: PYPL) rose 12% to $100.35 in pre-market trading after the company reported better-than-expected Q2 results and raised FY22 EPS guidance.
U.S. stocks closed lower on Tuesday, with the Dow Jones dropping more than 400 points. Here is the list of some big stocks moving higher in the previous session.
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What Are FAANG Stocks?
The term FAANG stocks refers to five of the most popular tech stocks traded on the NASDAQ.
Shares of Indian food delivery app Zomato Ltd crashed up to 9.6% in opening trade on the BSE following reports Uber Technologies Inc (NYSE: UBER) is looking to sell its entire stake in the firm for up to $373 million.
Shares of Alibaba and JD.com rose over 3% in Wednesday morning opening trade, with Hong Kong’s benchmark Hang Seng Index also beginning on a positive note, gaining 0.91%. Alibaba is set to release its June-quarter earnings on Thursday.