On this episode of Stock Movers:
- Advanced Micro Devices (AMD) shares rallied in premarket trading after Nvidia's closest rival predicted accelerating sales growth over the next five years, driven by strong demand for its data center products. Annual revenue growth will average more than 35% over the next three to five years, Chief Executive Officer Lisa Su said Tuesday at a company event in New York. She added that AMD’s AI data center revenue will increase by an average of 80% over the same period.
- Shares of Bill Holdings (BILL) soared ahead of the US market open as the business-payments firm - under pressure from activist investor Starboard Value LP - is exploring options including a potential sale, according to sources. Bill, which handles payments and expense-management services for hundreds of thousands of small and midsize businesses, has been grappling with lower customer-spending and intense competition.
- Swiss sneaker maker On Holding (ONON) climbed in early trading after the company boosted its sales and earnings forecasts for the year after a better-than-expected third quarter. The Roger Federer-backed company now sees revenue growing 34% this financial year on a constant currency basis, above analyst estimates and three percentage points higher than its previous target. That new goal translates to net sales of 2.98 billion Swiss francs ($3.7 billion) at current spot rates, it said Wednesday.
See omnystudio.com/listener for privacy information.
